https://www.taxtmi.com/caselaws?id=793231 Accrued interest on fixed deposits kept under prohibitory orders during pending criminal proceedings was not taxable as real income merely because it had earlier been offered on an accrual basis. The HC held that where the deposits remained subject to continuing uncertainty and the interest was not credited to the assessee's account, tax liability arose only when the entitlement was finally resolved. A past accounting practice of recognising the interest could not override the unsettled character of the income. The deletion of the interest addition was therefore upheld in favour of the assessee. en-us Fri, 27 Mar 2026 00:00:00 +0530 Thu, 11 Jun 2026 08:33:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793231 Accrued interest on fixed deposits kept under prohibitory orders during pending criminal proceedings was not taxable as real income merely because it had earlier been offered on an accrual basis. The HC held that where the deposits remained subject to continuing uncertainty and the interest was not credited to the assessee's account, tax liability arose only when the entitlement was finally resolved. A past accounting practice of recognising the interest could not override the unsettled character of the income. The deletion of the interest addition was therefore upheld in favour of the assessee. Case-Laws Income Tax Fri, 27 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793231