Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2018 (5) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (5) TMI 1433 - HC - Income TaxAddition in respect of interest on non-performing assets (NPAs) - Held that:- when a particular asset is shown to be NPA - the assumption is that it is not yielding any revenue - there is no reason that the assessee be subjected to tax on the alleged notional income even if it has adopted hybrid system of accounting - hence the addition is deleted - Decided in favor of assessee.
|