1990 (8) TMI 49

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ing. It gives a number of development loans to institutions which may be sick. Since 1974-75, it has adopted the cash system of accounting for interest on sticky loans and advances. The Tribunal has found, on examination of facts, that the deletion of interest accrued on loans, treated as doubtful loans was justified. In a rectification application which was filed by the Revenue before the Tribuna .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X