https://www.taxtmi.com/caselaws?id=351087 The ITAT affirmed the Ld. CIT(A)'s decision to delete the addition of interest accrued on sticky loans and advances, citing previous judicial precedents and case laws in favor of the Assessee. The ITAT emphasized the importance of adhering to the mercantile system of accounting and reasonable certainty in recognizing income. The Revenue's appeal was dismissed, and the Ld. CIT(A)'s order was upheld. en-us Thu, 16 Nov 2017 00:00:00 +0530 Sat, 18 Nov 2017 14:09:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351087 The ITAT affirmed the Ld. CIT(A)'s decision to delete the addition of interest accrued on sticky loans and advances, citing previous judicial precedents and case laws in favor of the Assessee. The ITAT emphasized the importance of adhering to the mercantile system of accounting and reasonable certainty in recognizing income. The Revenue's appeal was dismissed, and the Ld. CIT(A)'s order was upheld. Case-Laws Income Tax Thu, 16 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351087