https://www.taxtmi.com/caselaws?id=278338 The Tribunal dismissed the appeal, affirming the addition of unreported interest income by the Assessing Officer. It held that interest credited to the account should be treated as received income, even if not physically withdrawn, in accordance with Circular No. 243 and accounting principles. The Tribunal upheld the decision of the ld. CIT(A) regarding the treatment of interest income, emphasizing the importance of considering credited interest as received income for taxation purposes. en-us Fri, 28 Jul 2017 00:00:00 +0530 Sat, 26 Jan 2019 09:26:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278338 The Tribunal dismissed the appeal, affirming the addition of unreported interest income by the Assessing Officer. It held that interest credited to the account should be treated as received income, even if not physically withdrawn, in accordance with Circular No. 243 and accounting principles. The Tribunal upheld the decision of the ld. CIT(A) regarding the treatment of interest income, emphasizing the importance of considering credited interest as received income for taxation purposes. Case-Laws Income Tax Fri, 28 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278338