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TMI Blog2018 (3) TMI 1861X X X X Extracts X X X X X X X X Extracts X X X X ..... DR-I Assessee by: Shri. Sandeep, CA ORDER Sunil Kumar Yadav, This appeal is preferred by the revenue against the order of CIT(A), interalia, on the following grounds: (1) The ld.CIT(A) erred in deleting the additions on account of accrued interest on loans which are classified as "Non-performing Assets" relying on the Karnataka High Court decision in Canfin Homes Ltd (2011) 5 Tax Corp (DT) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nit, Bilagi in ITA No. 100090 of 2015 and Canfin Homes has not been accepted by the Department and SLP has been filed before the Hon'ble Supreme Court, which is pending. 2. During the course of hearing, the learned counsel for the assessee invited our attention to the impugned issue with the submission that the impugned issue is squarely covered by the judgment of the jurisdictional High Cour ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ional High Court. Unless and until the operation of the order of the judgment of the Hon'ble High Court is stayed by the Hon'ble Apex Court, it holds the field and all subordinate judicial authorities are supposed to follow the judgment of the jurisdictional High Court. Mere filing of SLP does not amount to stay of the operation of the judgment of the Hon'ble High Court. Under these circumstances, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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