https://www.taxtmi.com/caselaws?id=18407 The High Court dismissed the reference with costs, concurring with the Tribunal that interest credited to the suspense account should not be added to the assessee's income. The Court held that the decision in State Bank of Travancore was not applicable to insurance companies, as their income computation is governed by specific rules under Section 44 of the Income-tax Act. The Court ruled in favor of the assessee, concluding that the interest controversy did not fall within the purview of the State Bank of Travancore decision. en-us Fri, 21 Apr 1995 00:00:00 +0530 Wed, 30 Sep 2009 17:00:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18407 The High Court dismissed the reference with costs, concurring with the Tribunal that interest credited to the suspense account should not be added to the assessee's income. The Court held that the decision in State Bank of Travancore was not applicable to insurance companies, as their income computation is governed by specific rules under Section 44 of the Income-tax Act. The Court ruled in favor of the assessee, concluding that the interest controversy did not fall within the purview of the State Bank of Travancore decision. Case-Laws Income Tax Fri, 21 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18407