https://www.taxtmi.com/caselaws?id=433340 The Tribunal ruled in favor of the assessee, holding that the interest income of Rs. 85,70,960 did not accrue due to the waiver agreed upon in the settlement deed. It emphasized taxing only real income and recognized the commercial expediency behind the interest waiver. The addition of Rs. 77,13,864 to the income was consequently deleted. en-us Wed, 25 Jan 2023 00:00:00 +0530 Thu, 26 Jan 2023 20:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433340 The Tribunal ruled in favor of the assessee, holding that the interest income of Rs. 85,70,960 did not accrue due to the waiver agreed upon in the settlement deed. It emphasized taxing only real income and recognized the commercial expediency behind the interest waiver. The addition of Rs. 77,13,864 to the income was consequently deleted. Case-Laws Income Tax Wed, 25 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433340