https://www.taxtmi.com/caselaws?id=5918 The SC held that interest on sticky advances debited to customers but credited to suspense accounts constitutes assessable income for tax purposes. The court further ruled that appreciation in foreign balance values resulting from rupee devaluation is taxable as it forms part of business profits for assessees engaged in foreign exchange trading. Both determinations establish that these financial gains, despite their accounting treatment or currency fluctuation origins, represent taxable income under applicable tax laws. en-us Wed, 08 Jan 1986 00:00:00 +0530 Wed, 16 Jul 2025 17:36:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5918 The SC held that interest on sticky advances debited to customers but credited to suspense accounts constitutes assessable income for tax purposes. The court further ruled that appreciation in foreign balance values resulting from rupee devaluation is taxable as it forms part of business profits for assessees engaged in foreign exchange trading. Both determinations establish that these financial gains, despite their accounting treatment or currency fluctuation origins, represent taxable income under applicable tax laws. Case-Laws Income Tax Wed, 08 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5918