https://www.taxtmi.com/caselaws?id=60591 The Tribunal held that the interest of Rs. 21,500 should be considered part of the taxable income for the year as the assessee failed to prove the cash system of accounting for the loan transaction or the financial jeopardy of the debtor. The Tribunal reversed the AAC's decision and upheld the ITO's addition, allowing the revenue's appeal. en-us Thu, 08 Mar 1984 00:00:00 +0530 Fri, 07 Jan 2011 11:16:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60591 The Tribunal held that the interest of Rs. 21,500 should be considered part of the taxable income for the year as the assessee failed to prove the cash system of accounting for the loan transaction or the financial jeopardy of the debtor. The Tribunal reversed the AAC's decision and upheld the ITO's addition, allowing the revenue's appeal. Case-Laws Income Tax Thu, 08 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60591