TMI BlogAccrual of income - Interest accrual as liable to tax - exemption u/s 10 (23BBA) - The argument that...Accrual of income - Interest accrual as liable to tax - exemption u/s 10 (23BBA) - The argument that there is no such stipulation in the letter releasing the grant does not lead to the automatic conclusion that the interest is income of the Assessee. It is not the case of the appellant that the books of the Assessee ever revealed the diversion of any interest income. - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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