High Court to Decide on Interest Income Accrual; Taxable Amount Already Accrued for Appellant-Assessee on Fixed Deposits.

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Full Text of the Document

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....Accrual of interest income on FD's - compensation and interest was not final, but pending the decision of the High Court - it is an accepted position that the right to receive the interest from the fixed deposits already accrued to the appellant-assessee - amount is taxable in the hands of assessee - HC....