Accrued interest on non-performing assets(NPA) - merely because ...

Court Rules Accrued Interest on NPAs Must Be Reported as Income, Despite RBI Guidelines Compliance.

March 14, 2013

Case Laws     Income Tax     HC

Accrued interest on non-performing assets(NPA) - merely because for accounting purpose, the assessee was to follow RBI guidelines it would not mean that the assessee was not liable to show the accrued interest income - HC

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