https://www.taxtmi.com/caselaws?id=28181 The High Court held that the interest accrued to the assessee in the account of M/s. Ram Gopal Laxmi Narain of Secunderabad was includible in the total income for the years 1965-66 and 1966-67. The court emphasized that income may accrue without actual receipt if the right to receive it exists, and that the system of accounting required the inclusion of accrued interest. The decision did not prevent the assessee from seeking relief under relevant provisions of the Income Tax Act. en-us Fri, 15 Jul 1983 00:00:00 +0530 Fri, 19 Feb 2010 15:02:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28181 The High Court held that the interest accrued to the assessee in the account of M/s. Ram Gopal Laxmi Narain of Secunderabad was includible in the total income for the years 1965-66 and 1966-67. The court emphasized that income may accrue without actual receipt if the right to receive it exists, and that the system of accounting required the inclusion of accrued interest. The decision did not prevent the assessee from seeking relief under relevant provisions of the Income Tax Act. Case-Laws Income Tax Fri, 15 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28181