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2018 (3) TMI 146 - AT - Income TaxAddition on account of interest on Non Performing Assets - assessee is following the mercantile system of accounting - Held that:- As decided in assessee's own case [2016 (2) TMI 36 - ITAT PUNE] No disallowance of interest accrued on NPAs is warranted. The provisions for dividend made earlier was not a charge action profits but it was appropriation of the profits available post taxation. Assessee bound by Reserve Bank of India directions to treat deposit as non-performing asset – Interest does not accrue - Decided in favour of assessee
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