https://www.taxtmi.com/caselaws?id=374177 Interest on fixed deposits, where the assessee contended that it became receivable only on maturity and was offered to tax in subsequent years, required verification on merits because the reconciliation statement indicated that matured amounts and interest were accounted for in different assessment years. The matter was remanded for fresh examination, with the Assessing Officer directed to consider the reconciliation and give the assessee an opportunity of hearing before deciding the tax treatment of the interest income. en-us Tue, 18 Dec 2018 00:00:00 +0530 Sat, 26 Jan 2019 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374177 Interest on fixed deposits, where the assessee contended that it became receivable only on maturity and was offered to tax in subsequent years, required verification on merits because the reconciliation statement indicated that matured amounts and interest were accounted for in different assessment years. The matter was remanded for fresh examination, with the Assessing Officer directed to consider the reconciliation and give the assessee an opportunity of hearing before deciding the tax treatment of the interest income. Case-Laws Income Tax Tue, 18 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374177