https://www.taxtmi.com/highlights?id=34993 Accrual of interest income - Commercial decision was taken by the appellant-assessee not to charge interest from these two borrowers as the assessee wanted to ensure recovery of the principal sums lent. In absence of realization of real income and there being no accrual of such income subsequent to the aforesaid Board resolutions, interest income could not be added to the income of the assessee for the relevant financial year - HC en-us Fri, 26 May 2017 13:37:53 +0530 Fri, 26 May 2017 13:37:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=34993 Accrual of interest income - Commercial decision was taken by the appellant-assessee not to charge interest from these two borrowers as the assessee wanted to ensure recovery of the principal sums lent. In absence of realization of real income and there being no accrual of such income subsequent to the aforesaid Board resolutions, interest income could not be added to the income of the assessee for the relevant financial year - HC Highlights Income Tax Fri, 26 May 2017 13:37:53 +0530 https://www.taxtmi.com/highlights?id=34993