https://www.taxtmi.com/caselaws?id=11827 Interest on suit-filed loans did not accrue for income-tax purposes while the civil suit remained pending, because entitlement under section 34(1) CPC and the applicable rate were still subject to the civil court's discretion. Accrual requires a legally enforceable right to receive the income, and no such crystallised right existed until the court determined the claim. The amount was therefore not chargeable to tax for the relevant assessment year. en-us Tue, 29 Oct 2002 00:00:00 +0530 Tue, 09 Feb 2010 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11827 Interest on suit-filed loans did not accrue for income-tax purposes while the civil suit remained pending, because entitlement under section 34(1) CPC and the applicable rate were still subject to the civil court's discretion. Accrual requires a legally enforceable right to receive the income, and no such crystallised right existed until the court determined the claim. The amount was therefore not chargeable to tax for the relevant assessment year. Case-Laws Income Tax Tue, 29 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11827