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2017 (11) TMI 1674 - HC - Income TaxBusiness income Vs. Other sources - Deduction u/s 36(1)(viii) - Whether income from non-performing assets should be assessed on cash basis and not on mercantile basis despite the assessee maintaining mercantile system of accounting - method of accounting - Held that:- Learned counsel appearing for the appellants fairly submits that the question raised in this appeal is answered against the appellants by this Court in CIT v. Canfin Homes Ltd. [2011 (8) TMI 178 - KARNATAKA HIGH COURT]. The appeal is accordingly dismissed.
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