https://www.taxtmi.com/caselaws?id=20349 Interest on sticky loans may be credited to an interest suspense account where the adopted accounting treatment is acceptable, and the assessee-corporation's change from mercantile to cash basis for such interest was upheld by following the assessee's earlier case. The first question was answered in favour of the assessee and against the Revenue. The second question was not answered because the Tribunal had recorded no definite finding and the issue did not properly arise from its order. en-us Tue, 07 Jul 1992 00:00:00 +0530 Fri, 13 Nov 2009 13:53:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20349 Interest on sticky loans may be credited to an interest suspense account where the adopted accounting treatment is acceptable, and the assessee-corporation's change from mercantile to cash basis for such interest was upheld by following the assessee's earlier case. The first question was answered in favour of the assessee and against the Revenue. The second question was not answered because the Tribunal had recorded no definite finding and the issue did not properly arise from its order. Case-Laws Income Tax Tue, 07 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20349