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TMI Blog2014 (11) TMI 1183X X X X Extracts X X X X X X X X Extracts X X X X ..... e case of SOUTHERN TECHNOLOGIES LIMITED v. JOINT COMMISSIONER OF INCOME TAX, COIMBATORE [2010 (1) TMI 5 - SUPREME COURT OF INDI ] was not considered by the Tribunal. According to us, consideration of that decision is also required. However, learned counsel for the appellant submits that in the case of Southern Technologies Limited (supra), the Hon’ble Supreme Court held in favour of the appellant. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g Assets the interest already charged but not realized during the year will be segregated and kept in a separate account called INCA, so that no income for that NPA shall be taken as revenue? II) In the facts and circumstances of the case, whether the finding of the Hon ble Tribunal is correct in holding that the NPA account is being treated as income, but the interest charged but not recove ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2007-08 and 2008-09, the Tribunal held in favour of the assessee. In the impugned judgment, the decision of the Hon ble Supreme Court in the case of SOUTHERN TECHNOLOGIES LIMITED v. JOINT COMMISSIONER OF INCOME TAX, COIMBATORE [(2010) 2 Supreme Court Cases 548 ] was not considered by the Tribunal. According to us, consideration of that decision is also required. However, learned counsel for the a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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