non-performing assets

Madras H.C : Whether interest arising on non-performing assets cannot be recognized as income and fixed on accrual basis

Avijit Das / November 30, 2009

High Court Of Madras CIT Vs. Coimbatore Lakshmi Inv. & Finance Co. Ltd. Assessment Year : 1995-96 and 1997-98 to […]

Sec. 36(1)(vii), Section 35D

Madras H.C : The appellant is not entitled to deduction of the provision made in respect of non-performing assets which are considered irrecoverable

Avijit Das / April 16, 2009

High Court Of Madras Indbank Merchant Banking Services Ltd. vs. ACIT Assessment Year : 1998-99 Section : 36(1)(vii),35D K. Raviraja

Sec. 36(1)(vii), Section 35D, Section 36

Madras H.C : no deduction of the provision made in respect of non-performing assets which are considered irrecoverable

Avijit Das / April 16, 2009

High Court Of Madras Indbank Merchant Banking Services Ltd. Vs. ACIT Assessment Year : 1998-99 Section : 36(1)(vii),35D K. Raviraja