TMI Blogwhether such interest income should be taxed on accrual basis in the year of allotment of debenture...whether such interest income should be taxed on accrual basis in the year of allotment of debenture itself or whether it should be taxed on spread-over basis? - on the ground of matching principle - decided in favor of assessee - SC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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