https://www.taxtmi.com/caselaws?id=283841 The High Court dismisses the appeal challenging the Income Tax Appellate Tribunal's order, as it does not raise any substantial question of law. The exclusion of accrued but not received interest from the total income of the assessee company is affirmed based on legal precedents. The Court upholds the application of the mercantile system of accounting by banks, following established judgments, including the Supreme Court's ruling in United Commercial Bank Vs. Commissioner of Income Tax. en-us Wed, 16 Apr 2014 00:00:00 +0530 Thu, 17 Oct 2019 09:53:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283841 The High Court dismisses the appeal challenging the Income Tax Appellate Tribunal's order, as it does not raise any substantial question of law. The exclusion of accrued but not received interest from the total income of the assessee company is affirmed based on legal precedents. The Court upholds the application of the mercantile system of accounting by banks, following established judgments, including the Supreme Court's ruling in United Commercial Bank Vs. Commissioner of Income Tax. Case-Laws Income Tax Wed, 16 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283841