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2018 (2) TMI 1462 - HC - Income TaxAdditions made by the assessing authority on account of accrued interest on loans which are classified as “Non-performing Assets” - applicability of provisions of section 43D - Held that:- When an asset becomes non-performing, it ceases to yield income and once a particular asset is shown to be a non– performing asset, then it is nothing but no revenue is yielded. See Commissioner of Income-Tax and another Vs. Canfin Homes Limited (2011 (8) TMI 178 - KARNATAKA HIGH COURT). In such cases, paying tax would not arise. Hence, we answer the substantial question of law against the revenue.
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