https://www.taxtmi.com/caselaws?id=11297 The court affirmed the assessability of administration service charges collected by the assessee at the time of loan disbursal, rejecting the assessee's argument for spreading the charges over the repayment period. Despite the assessee's accounting method, the court held that the charges accrued and were received at loan disbursal, justifying immediate tax assessment. The Tribunal concurred, emphasizing the finality of the deduction at disbursal. The court ruled in favor of the respondent, supporting the Tribunal's decision and forwarding the judgment for further action. en-us Thu, 05 Dec 2002 00:00:00 +0530 Thu, 06 Aug 2009 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11297 The court affirmed the assessability of administration service charges collected by the assessee at the time of loan disbursal, rejecting the assessee's argument for spreading the charges over the repayment period. Despite the assessee's accounting method, the court held that the charges accrued and were received at loan disbursal, justifying immediate tax assessment. The Tribunal concurred, emphasizing the finality of the deduction at disbursal. The court ruled in favor of the respondent, supporting the Tribunal's decision and forwarding the judgment for further action. Case-Laws Income Tax Thu, 05 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11297