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2014 (11) TMI 1183 - HC - Income TaxAssessment of Non-Performing Assets - accrual of income - Held that:- It appears, for the assessment years 2007-08 and 2008-09, the Tribunal held in favour of the assessee. In the impugned judgment, the decision of the Hon’ble Supreme Court in the case of SOUTHERN TECHNOLOGIES LIMITED v. JOINT COMMISSIONER OF INCOME TAX, COIMBATORE [2010 (1) TMI 5 - SUPREME COURT OF INDI ] was not considered by the Tribunal. According to us, consideration of that decision is also required. However, learned counsel for the appellant submits that in the case of Southern Technologies Limited (supra), the Hon’ble Supreme Court held in favour of the appellant. We think this can be considered by the assessing authority in terms of the direction of the Tribunal.
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