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2010 (12) TMI 1228 - AT - Income TaxExtract: .......tional High Court in the case of Elgi Finance Ltd. (supra) held that interest on non-performing assets could not be considered as income on accrual basis. We, therefore, find no merits in the appeal filed by the Revenue. 5. In the result, the appeals filed by the Revenue stand dismissed. The order was pronounced in the Court on 16th December, 2010.
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