2024 (11) TMI 253

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..... petitioner - case of respondents that as the applicant was following mercantile system of accounting for interest paid on securities and deposits it could not follow the cash system of accounting for corresponding income - As decided by HC [ 2023 (7) TMI 135 - BOMBAY HIGH COURT] Income having accrued and corresponding expenditure having been reckoned on mercantile lasts, the interest income shall .....

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..... Mr. Sudhakar Kulwant, Adv. Mr. Bani Dixit, Adv. Mr. Prahlad Singh, Adv ORDER UPON hearing the counsel, the Court made the following. There is a delay of 364 days in the filing of the present special leave petition. Even on merits, we are not inclined to issue notice in the present special leave petition. The application for condonation of delay and the special leave petition are both dismissed. Pe .....

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