https://www.taxtmi.com/caselaws?id=21146 Interest on overdue sticky loans credited to an interest suspense account did not accrue as taxable income while recovery suits remained pending, because pendente lite interest depended on judicial determination and was not automatically earned year by year. The amount was therefore excluded from taxable profits during the pendency of the suits. For section 36(1)(viii), the deduction was to be computed on total income before allowing that very deduction, and that interpretation was affirmed in favour of the assessee. Both questions were answered for the assessee. en-us Fri, 06 Mar 1992 00:00:00 +0530 Fri, 20 Nov 2009 13:24:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21146 Interest on overdue sticky loans credited to an interest suspense account did not accrue as taxable income while recovery suits remained pending, because pendente lite interest depended on judicial determination and was not automatically earned year by year. The amount was therefore excluded from taxable profits during the pendency of the suits. For section 36(1)(viii), the deduction was to be computed on total income before allowing that very deduction, and that interpretation was affirmed in favour of the assessee. Both questions were answered for the assessee. Case-Laws Income Tax Fri, 06 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21146