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![Waiver of Interest Income by the Company by passing Resolution is Excludable from Taxable Income: Calcutta HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/05/Calcutta-High-Court-Taxscan.jpg "Waiver of Interest Income by the Company by passing Resolution is Excludable from Taxable Income: Calcutta HC [Read Judgment]")
Waiver of Interest Income by the Company by passing Resolution is Excludable from Taxable Income: Calcutta HC [Read Judgment]
In Shiva Laxmi Exports Ltd v. CIT, the division bench of the Calcutta High Court held that interest income could not said to have had accrued when the...