TMI BlogInterest income - When a particular asset is shown to be NPA, the assumption is that it is not yielding...Interest income - When a particular asset is shown to be NPA, the assumption is that it is not yielding any revenue; and 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. - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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