TMI Blog2017 (11) TMI 1156X X X X Extracts X X X X X X X X Extracts X X X X ..... chit Jolly, Adv. ORDER The question of law urged by the Revenue is with respect to the treatment of loss on sale of loan portfolio, which was not accepted as falling in the capital stream but treated as income. The assessee, a non-banking financial company, had relied upon Section 36(2)(i) which reads as follows: "36.(2) In making any deduction for a bad debt or part thereof, the followi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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