https://www.taxtmi.com/caselaws?id=414152 The Tribunal upheld the decision of the ld. CIT(A) to delete the addition of accrued interest on seed money loans, emphasizing the application of consistent legal principles and precedents in determining the tax treatment of such income. The appeal filed by the Revenue was dismissed, affirming the position that taxing hypothetical income without a real right to receive it was not justified under the mercantile system of accounting. en-us Tue, 26 Oct 2021 00:00:00 +0530 Thu, 28 Oct 2021 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414152 The Tribunal upheld the decision of the ld. CIT(A) to delete the addition of accrued interest on seed money loans, emphasizing the application of consistent legal principles and precedents in determining the tax treatment of such income. The appeal filed by the Revenue was dismissed, affirming the position that taxing hypothetical income without a real right to receive it was not justified under the mercantile system of accounting. Case-Laws Income Tax Tue, 26 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414152