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2018 (9) TMI 1824 - AT - Income TaxAccrual of income - income recognition - Addition on account of interest accrued on outstanding debt - assessee acquired the right of suit as per assignment deed and was entitled to recover the debt along with interest and cost of suit as per the deed of assignment of right - HELD THAT:- As decided in assessee's own case[2016 (12) TMI 1771 - ITAT MUMBAI] and [2017 (8) TMI 1530 - ITAT MUMBAI] assessee acquiring the debts from the Bank of Baroda with the borrowed funds, the loan creditors have not paid interest income to either bank or to the assessee, assessee has not recognised the income for all the assessment years under consideration etc. The legal issue i.e. to be decided on the right to recover the interest income by the assessee during the pendency of suit in Bombay City Civil Court - Decided against revenue
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