https://www.taxtmi.com/caselaws?id=21513 The court ruled in favor of the assessee, finding no evidence of an agreement for interest payment between the parties. The court emphasized the lack of proof of interest accrual, overturning the decision to add interest to the assessee's income. The judgment underscores the significance of establishing a clear agreement for interest payments and the requirement for concrete evidence to support claims of interest accrual, particularly in non-money-lending scenarios. en-us Wed, 08 Jan 1992 00:00:00 +0530 Wed, 25 Nov 2009 10:55:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21513 The court ruled in favor of the assessee, finding no evidence of an agreement for interest payment between the parties. The court emphasized the lack of proof of interest accrual, overturning the decision to add interest to the assessee's income. The judgment underscores the significance of establishing a clear agreement for interest payments and the requirement for concrete evidence to support claims of interest accrual, particularly in non-money-lending scenarios. Case-Laws Income Tax Wed, 08 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21513