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2021 (9) TMI 555 - MADRAS HIGH COURT
Accrual of income - Addition on interest on securities - HELD THAT:- As decided in assessee's own case [2021 (9) TMI 484 - MADRAS HIGH COURT] as relying on CITY UNION BANK LIMITED. [2007 (2) TMI 187 - MADRAS HIGH COURT] held that the assessee is taxable for interest on securities only on specified dates when it becomes due for payment, in view of third proviso to s.145(1) of the Act, which was in force during the relevant assessment years.