Can any one provide decision of case in CIT V/s. FAL Industries Ltd. (2009) 17 DTR 308 (MAD)
4 Replies
MOHIT MAHAJAN
(LCS, ACA)
(2050 Points)
Replied 17 December 2009
"Accrued interest which was receivable by the assessee only after the end of the previous year cannot be assessed to tax in the current year even though the assessee is following mercantile system of accounting".
Lalit
(accounts)
(195 Points)
Replied 17 December 2009
Thanks Mohit, but i want full text of judgement.
MOHIT MAHAJAN
(LCS, ACA)
(2050 Points)
Replied 17 December 2009
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