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    Income Tax

    Accrual of income - Cancellation of recovery of the interest -...

    No Income Accrual When Income Not Realized: Impact on Tax Recognition in Interest Recovery Cases.

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    Income TaxJune 12, 2017Case LawsAT

    Accrual of income - Cancellation of recovery of the interest - Where the income can be said not to have resulted at all, there is obviously neither accrual nor receipt of income, even though an, entry to that effect may, in certain circumstances, have been made in the books of accounts. - AT

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