Taxability of Interest on sick loans, accrued but not recognised as per AS – 9

ITAT COCHIN BENCH Kerala State Industrial Products Trading Corpn. Ltd. V/s. Assistant Commissioner of Income-tax, IT Appeal NOS. 256 & 257 (COCH.) of 2009 [ASSESSMENT YEARS 2003-04 & 2004-05] JUNE 8, 2012 ORDER B.R. Baskaran, Accountant Member The appeals of the assessee are directed against the orders passed by the Ld. CIT(A)-I, Trivandrum and they relate to the assessment years 2003-04 & 2004-05. 2. In both the years, the assessee is assailing the decision of the Ld. CIT(A) in confirming the addition of Rs. 34,65,000/- relating to the estimated accrued interest o...