2018 (8) TMI 583 - SCH - Income Tax

Claim for deduction on account of the method for determining an NPA - entitlement to deduction on account of de-recognition of interest accruing upon NPAs applying Rule 6EB of the Income Tax Rules, 1962 - directions issued by the National Housing Bank under Section 30A read with 36 of the National Housing Bank Act, 1987 - Held that - Issue notice. There shall be stay of operation of the order passed by the High Court, in the meantime.

Summary

The Supreme Court of India in 2018 (8) TMI 583 - SC Order, with Justices Rohinton Fali Nariman and Indu Malhotra, condoned the delay, issued notice, and ordered a stay of operation of the High Court's order in the meantime.