https://www.taxtmi.com/caselaws?id=280311 Interest income on outstanding debts assigned to the assessee was not treated as accrued during the pendency of the civil suit, because no enforceable right to recover that interest had crystallised. The analysis relied on the assessee's earlier case and on section 34 of the Code of Civil Procedure, which indicates that entitlement to interest for the relevant period depends on the decree and the court's determination. On that basis, the first appellate authority's view was treated as fair and reasonable, and the departmental appeal was dismissed following the binding view already taken in the assessee's own case. en-us Wed, 16 Aug 2017 00:00:00 +0530 Tue, 30 Apr 2019 20:37:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280311 Interest income on outstanding debts assigned to the assessee was not treated as accrued during the pendency of the civil suit, because no enforceable right to recover that interest had crystallised. The analysis relied on the assessee's earlier case and on section 34 of the Code of Civil Procedure, which indicates that entitlement to interest for the relevant period depends on the decree and the court's determination. On that basis, the first appellate authority's view was treated as fair and reasonable, and the departmental appeal was dismissed following the binding view already taken in the assessee's own case. Case-Laws Income Tax Wed, 16 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280311