https://www.taxtmi.com/caselaws?id=190820 The High Court of Karnataka upheld the tribunal's decision, ruling in favor of the assessee regarding the change in the method of accounting and the treatment of interest on doubtful loans for the specified assessment years. The judgment highlighted the validity and acceptability of the hybrid accounting system adopted by the assessee and affirmed that no interest accrued on specific categories of loans as per the tribunal's findings. en-us Mon, 24 Jan 2000 00:00:00 +0530 Wed, 01 Mar 2017 18:51:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190820 The High Court of Karnataka upheld the tribunal's decision, ruling in favor of the assessee regarding the change in the method of accounting and the treatment of interest on doubtful loans for the specified assessment years. The judgment highlighted the validity and acceptability of the hybrid accounting system adopted by the assessee and affirmed that no interest accrued on specific categories of loans as per the tribunal's findings. Case-Laws Income Tax Mon, 24 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190820