TMI Blog2018 (3) TMI 56X X X X Extracts X X X X X X X X Extracts X X X X ..... e. - SC dismissed the revenue appeals. HC has held that, The assessee-company being NBFC is governed by the provisions of the RBI Act. In such a case, interest income cannot be said to have accrued to the assessee having regard to the provisions of section 45Q of the RBI Act and Prudential Norms issued by the RBI in exercise of its statutory powers. As per these norms, the ICD had become NPA an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... @ 28651 of 2017, Civil Appeal Nos.23492-23496 of 2017 @ 28678-28682 of 2017 and Civil Appeal No.23497 of 2017 @ 33565 of 2017 . For The Appellant : Mr. K.Radhakrishnan, Sr. Adv. Mr. Rupesh Kumar, Adv. Ms. Gargi Khanna, Adv. Mr. M.A.Haseeb, Adv. Mrs. Anil Katiyar, AOR Mr. B. V. Balaram Das, AOR, Mr. Ajay Vohra, Sr. Adv. Mr. Vaibhav Kulkarni, adv. Ms. Kavita Jha, AOR Mr. Udit Naresh, Adv., Mr. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 678-28682 of 2017, learned counsel appearing for the appellant state that there is an error apparent in the judgment as the facts are similar to the facts of all other cases whereas the High Court has segregated his case and stated that his facts are different. We record the statement and permit the appellant to file a review petition before the High Court. However, if such a review petition is fi ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
