Interest income - When a particular asset is shown to be NPA, ...

Income Tax

April 3, 2018

Interest income - When a particular asset is shown to be NPA, the assumption is that it is not yielding any revenue; and there is no reason that the assessee be subjected to tax on the alleged notional income, even if it has adopted hybrid system of accounting. - HC

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Interest income - When a particular asset is shown to be NPA, ...

Income Tax

April 3, 2018

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