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2022 (6) TMI 451 - AT - Income TaxAccrual of Interest income - income from other sources - double taxation - assessee has already offered the yearly amount of interest in earlier years on accrual basis - assessee earned interest income which was offered to tax on accrual basis - HELD THAT:- In our considered view, we are in agreement with the assessee that since the interest income has been offered to tax in the respective assessment years (from AY 2011-12 to AY 2017-18) on accrual basis, the same income cannot be taxed in the impugned assessment year under consideration only for the reason that the deductor HDFC bank has deducted TDS on the entire interest amount at the time of payment on cash basis, since the same would amount to double taxation. Therefore, the order of Ld. CIT(A) is set aside and the appeal of the assessee is allowed.
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