2024 (12) TMI 653

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... y petitioner - as decided by HC [ 2023 (7) TMI 135 - BOMBAY HIGH COURT] would agree with the CIT (D/R) s view. Income having accrued and corresponding expenditure having been reckoned on mercantile lasts, the interest income shall be taxed on accrual basis for both the years under consideration. As Commission has not articulated as to why it did not agree with the submissions made by the assessee .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X