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2008 (4) TMI 237 - HIMACHAL PRADESH HIGH COURTAssessee was showing interest on sticky loans on accrual basis – interest not brought to P/L A/c but taken to Suspense A/c -as per circular dated 9/10/84, assessee can take benefit only in respect of interest payable on those loans where no recovery has taken place for 3 consecutive accounting years and it is only from the 4th year onwards that the interest accrued is not to be considered as income – AO should have decided matter in view of said circular- matter remanded for fresh assessment
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