https://www.taxtmi.com/caselaws?id=12490 The court ruled in favor of the assessee regarding the assessment of interest on sticky loans, stating that interest accrued but not recovered and credited to the 'Interest Suspense Account' was not taxable from the assessment year 1979-80 onwards. However, the court ruled against the assessee concerning the taxability of expenditure on salary and uniform allowance paid to drivers, finding that the dress allowance exceeded the threshold and was not allowable under the head "Profits and gains of business or profession." The judgment concluded by disposing of both references without any order as to costs. en-us Tue, 23 Jul 2002 00:00:00 +0530 Tue, 02 Mar 2010 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12490 The court ruled in favor of the assessee regarding the assessment of interest on sticky loans, stating that interest accrued but not recovered and credited to the 'Interest Suspense Account' was not taxable from the assessment year 1979-80 onwards. However, the court ruled against the assessee concerning the taxability of expenditure on salary and uniform allowance paid to drivers, finding that the dress allowance exceeded the threshold and was not allowable under the head "Profits and gains of business or profession." The judgment concluded by disposing of both references without any order as to costs. Case-Laws Income Tax Tue, 23 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12490