https://www.taxtmi.com/caselaws?id=56891 Interest on an outstanding loan was held not to be taxable on accrual basis under the assessee's mercantile system, because the Tribunal had already reached the same conclusion on identical facts in earlier years and no distinguishing circumstance was shown. Following its prior orders, it found no basis to disturb the deletion of the addition, and the relief was upheld. en-us Tue, 28 Oct 1980 00:00:00 +0530 Tue, 07 Dec 2010 12:44:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56891 Interest on an outstanding loan was held not to be taxable on accrual basis under the assessee's mercantile system, because the Tribunal had already reached the same conclusion on identical facts in earlier years and no distinguishing circumstance was shown. Following its prior orders, it found no basis to disturb the deletion of the addition, and the relief was upheld. Case-Laws Income Tax Tue, 28 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56891