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2003 (3) TMI 83 - HC - Income Tax"Whether, on the facts and in the circumstances of the case, the learned Income-tax Appellate Tribunal was justified in deleting the addition of Rs. 2,04,000 made by the Assessing Officer and confirmed and enhanced by the Commissioner of Income-tax (Appeals) to Rs. 2,69,685 on account of interests from the Hindu undivided family debtor on accrual basis?" - Assessing Officer had held that the income had accrued and, therefore, had directed the addition of Rs. 2,04,000. In the present case, in our view, the income cannot be treated to have accrued as was rightly found by the learned Tribunal. We, therefore, answer the question in the affirmative in favour of the assessee.
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