https://www.taxtmi.com/caselaws?id=17370 Section 36(1)(viii) deduction is computed with reference to total income before deductions under Chapter VI-A and before the deduction under that clause itself. The provision operates as a self-contained exception, requiring computation on the gross total income basis contemplated by the clause. Interest relating to litigated amounts may not be taxable on accrual where recovery of even the principal is doubtful, the income is unreal or illusory, and the assessee has consistently followed a hybrid accounting system. These principles support exclusion of highly uncertain disputed interest from taxable income. en-us Wed, 22 May 1996 00:00:00 +0530 Mon, 21 Sep 2009 18:01:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17370 Section 36(1)(viii) deduction is computed with reference to total income before deductions under Chapter VI-A and before the deduction under that clause itself. The provision operates as a self-contained exception, requiring computation on the gross total income basis contemplated by the clause. Interest relating to litigated amounts may not be taxable on accrual where recovery of even the principal is doubtful, the income is unreal or illusory, and the assessee has consistently followed a hybrid accounting system. These principles support exclusion of highly uncertain disputed interest from taxable income. Case-Laws Income Tax Wed, 22 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17370