High Court Rules Interest on Sticky Loans Taxable Upon Realization, Not Accrual, Affecting Income Tax Treatment.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Taxability of interest on sticky loans - Interest on such loans would have to be accounted for and paid as and when it is realised - HC....