https://www.taxtmi.com/caselaws?id=16743 Enhanced interest allowed on appeal was taxable in the accounting year relevant to assessment year 1973-74, because the additional 2 per cent. arose only when the High Court increased the rate above that fixed by the District Court. The court held that the difference in interest accrued wholly in that accounting year and did not have to be spread over earlier years, so the Revenue's position succeeded and the assessee's challenge failed. en-us Thu, 11 Sep 1997 00:00:00 +0530 Wed, 09 Sep 2009 17:26:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16743 Enhanced interest allowed on appeal was taxable in the accounting year relevant to assessment year 1973-74, because the additional 2 per cent. arose only when the High Court increased the rate above that fixed by the District Court. The court held that the difference in interest accrued wholly in that accounting year and did not have to be spread over earlier years, so the Revenue's position succeeded and the assessee's challenge failed. Case-Laws Income Tax Thu, 11 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16743