https://www.taxtmi.com/caselaws?id=351669 The Tribunal upheld the CIT(A)'s decision to delete the additions of accrued interest income for the assessment years 2010-11 to 2013-14. It emphasized that taxing accrued interest should be based on the certainty of income realization, especially in cases of doubtful recovery. The Tribunal highlighted the importance of distinguishing between real and notional income for accurate taxation, dismissing all Revenue appeals and affirming the decision in consideration of the uncertain recovery of principal and interest. en-us Wed, 22 Nov 2017 00:00:00 +0530 Wed, 29 Nov 2017 07:44:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351669 The Tribunal upheld the CIT(A)'s decision to delete the additions of accrued interest income for the assessment years 2010-11 to 2013-14. It emphasized that taxing accrued interest should be based on the certainty of income realization, especially in cases of doubtful recovery. The Tribunal highlighted the importance of distinguishing between real and notional income for accurate taxation, dismissing all Revenue appeals and affirming the decision in consideration of the uncertain recovery of principal and interest. Case-Laws Income Tax Wed, 22 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351669