https://www.taxtmi.com/caselaws?id=775853 The ITAT Delhi upheld the CIT(A)'s decision, ruling that additional interest received under an Agreement to Sell cannot be treated as notional income or loss of profit. For the assessment year 2014-15, the tribunal confirmed that no addition can be made without actual receipt or accrual of income. The affidavit from the related party supported the payment of interest, reinforcing the assessee's position. Consequently, the appeal challenging the exclusion of this income was dismissed as devoid of merit. en-us Wed, 16 Jul 2025 00:00:00 +0530 Fri, 01 Aug 2025 08:15:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775853 The ITAT Delhi upheld the CIT(A)'s decision, ruling that additional interest received under an Agreement to Sell cannot be treated as notional income or loss of profit. For the assessment year 2014-15, the tribunal confirmed that no addition can be made without actual receipt or accrual of income. The affidavit from the related party supported the payment of interest, reinforcing the assessee's position. Consequently, the appeal challenging the exclusion of this income was dismissed as devoid of merit. Case-Laws Income Tax Wed, 16 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775853