https://www.taxtmi.com/caselaws?id=349443 The High Court upheld the Revenue's appeal concerning the provision for bad debts account and interest on Government securities for the assessment year 1995-1996. Relying on precedent, the court ruled in favor of the Revenue, citing previous judgments that had decided similar issues against the Revenue. The Tribunal's decisions were supported by the High Court based on established case law, dismissing the Revenue's challenges. The court did not delve into the specifics of different systems for receipts and payments or the treatment of interest on the purchase of securities, mentioning them as raised issues without detailed analysis. The Tribunal's decision not to rely on a Supreme Court decision was also mentioned without further elaboration on its impact. en-us Fri, 06 Oct 2017 00:00:00 +0530 Fri, 13 Oct 2017 09:26:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349443 The High Court upheld the Revenue's appeal concerning the provision for bad debts account and interest on Government securities for the assessment year 1995-1996. Relying on precedent, the court ruled in favor of the Revenue, citing previous judgments that had decided similar issues against the Revenue. The Tribunal's decisions were supported by the High Court based on established case law, dismissing the Revenue's challenges. The court did not delve into the specifics of different systems for receipts and payments or the treatment of interest on the purchase of securities, mentioning them as raised issues without detailed analysis. The Tribunal's decision not to rely on a Supreme Court decision was also mentioned without further elaboration on its impact. Case-Laws Income Tax Fri, 06 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349443