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2013 (2) TMI 731 - ITAT AHMEDABADAddition on interest on NPA Account in as much as such interest has not accrued - Held that:- The appellant is making the provision of interest as per the guidelines issued by the R.B.I. However, same has not been credited in the p&l account as it was notional had not received actually by it. Section 43 is also not applicable as assessee has not credited in the p&l account but shown in the assets and liability side in the balance sheet directly and also not received actually. Thus, we have considered view that the CIT(A) was not justifying in confirming the addition. Accordingly, the assessee’s appeal is allowed.
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