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![Advance Income received as interest income on bills discounting is subjected to taxation on accrual basis: Madras HC grants relief to Karur Vysya Bank [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/ITAT-interest-income-bills-discounting-Advance-Income-taxation-Karur-Vysya-Bank-Taxscan.jpg "Advance Income received as interest income on bills discounting is subjected to taxation on accrual basis: Madras HC grants relief to Karur Vysya Bank [Read Judgment]")
Advance Income received as interest income on bills discounting is subjected to taxation on accrual basis: Madras HC grants relief to Karur Vysya Bank [Read Judgment]
The Madras High Court quashed the ITAT order wherein it was held that the income received in advance in the nature of interest income on discounting...
![Investor Financial Education Academy is entitled to Exemption for conducting Activities for Charitable Purpose: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/investor-Financial-Education-AcademyCharitable-Purpose.jpg "Investor Financial Education Academy is entitled to Exemption for conducting Activities for Charitable Purpose: Madras HC [Read Judgment]")