https://www.taxtmi.com/caselaws?id=277115 The Tribunal upheld the Commissioner's decisions on all three issues, dismissing the Revenue's appeal in its entirety. The addition of accrued interest income under 'Income from other sources' was found to be correctly accounted for, and the treatment of Modvat and Canvat receivable as taxable income was deemed inaccurate. Additionally, the disallowance of interest under section 43B(d) of the IT Act was overturned as the interest was payable to government entities, exempting it from the provision. en-us Wed, 20 Sep 2017 00:00:00 +0530 Mon, 26 Nov 2018 07:54:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277115 The Tribunal upheld the Commissioner's decisions on all three issues, dismissing the Revenue's appeal in its entirety. The addition of accrued interest income under 'Income from other sources' was found to be correctly accounted for, and the treatment of Modvat and Canvat receivable as taxable income was deemed inaccurate. Additionally, the disallowance of interest under section 43B(d) of the IT Act was overturned as the interest was payable to government entities, exempting it from the provision. Case-Laws Income Tax Wed, 20 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277115