https://www.taxtmi.com/caselaws?id=20565 The High Court ruled in favor of the assessee, holding that the interest accrued on delayed subsidy reimbursement should not be considered as income due to the Government's refusal to pay the interest. The judgment highlighted the significance of actual receipt and the likelihood of receiving interest in accounting treatment. The decision clarified the entitlement to interest under the Scheme for industrial units in selected backward districts and established a precedent for similar disputes. en-us Thu, 17 Dec 1992 00:00:00 +0530 Sat, 14 Nov 2009 16:59:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20565 The High Court ruled in favor of the assessee, holding that the interest accrued on delayed subsidy reimbursement should not be considered as income due to the Government's refusal to pay the interest. The judgment highlighted the significance of actual receipt and the likelihood of receiving interest in accounting treatment. The decision clarified the entitlement to interest under the Scheme for industrial units in selected backward districts and established a precedent for similar disputes. Case-Laws Income Tax Thu, 17 Dec 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20565