Interest income taxable on accrual basis, though the same has become irrecoverable

HIGH COURT OF MADRAS

United Nilagiri Tea Estates Co.

V/s.

Deputy Commissioner of Income-tax, Company Circle-1(1)

TC APPEAL NO. 278 OF 2006

JULY 17, 2012

JUDGMENT

Mrs. Chitra Venkataraman, J. – The following is the substantial quest

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