https://www.taxtmi.com/caselaws?id=177730 The Tribunal allowed the appellant's appeal, overturning the decision of the CIT(A) and holding that the addition of interest on NPA account as income was not justified. The Tribunal found that since the interest was not actually received and not credited to the P&L account, section 43D of the IT Act was not applicable. The appellant's practice of following RBI guidelines and not recognizing income from NPA on an accrual basis was deemed valid by the Tribunal. en-us Fri, 15 Feb 2013 00:00:00 +0530 Wed, 31 May 2017 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177730 The Tribunal allowed the appellant's appeal, overturning the decision of the CIT(A) and holding that the addition of interest on NPA account as income was not justified. The Tribunal found that since the interest was not actually received and not credited to the P&L account, section 43D of the IT Act was not applicable. The appellant's practice of following RBI guidelines and not recognizing income from NPA on an accrual basis was deemed valid by the Tribunal. Case-Laws Income Tax Fri, 15 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177730