https://www.taxtmi.com/caselaws?id=194369 The tribunal allowed the assessee's appeal against the assessment of interest income on non-performing assets for the assessment year 2011-12. Relying on legal precedents, including decisions from the Hon'ble Gujarat High Court and the Hon'ble Delhi High Court, it was held that interest on non-performing assets should not be charged. The tribunal found that the assessee's approach was in line with statutory provisions and prudential norms issued by the RBI. As a result, the appeal was allowed in favor of the assessee on 22nd March 2017. en-us Wed, 22 Mar 2017 00:00:00 +0530 Tue, 05 Sep 2017 18:11:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194369 The tribunal allowed the assessee's appeal against the assessment of interest income on non-performing assets for the assessment year 2011-12. Relying on legal precedents, including decisions from the Hon'ble Gujarat High Court and the Hon'ble Delhi High Court, it was held that interest on non-performing assets should not be charged. The tribunal found that the assessee's approach was in line with statutory provisions and prudential norms issued by the RBI. As a result, the appeal was allowed in favor of the assessee on 22nd March 2017. Case-Laws Income Tax Wed, 22 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194369