https://www.taxtmi.com/caselaws?id=309591 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to exclude interest on sticky loans transferred to a suspense account from taxable income if not realized for three years, in accordance with the Supreme Court's decision in UCO Bank Vs. CIT and a relevant CBDT circular. The Tribunal emphasized that the issue of interest accrual on sticky loans is debatable and cannot be resolved under section 154 of the Act, meant for rectifying apparent mistakes. en-us Fri, 30 Mar 2012 00:00:00 +0530 Tue, 12 Sep 2023 15:04:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309591 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to exclude interest on sticky loans transferred to a suspense account from taxable income if not realized for three years, in accordance with the Supreme Court's decision in UCO Bank Vs. CIT and a relevant CBDT circular. The Tribunal emphasized that the issue of interest accrual on sticky loans is debatable and cannot be resolved under section 154 of the Act, meant for rectifying apparent mistakes. Case-Laws Income Tax Fri, 30 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309591