https://www.taxtmi.com/caselaws?id=13558 The Tribunal ruled in favor of the appellant company, determining that interest on non-performing assets should not be taxed unless recognized as income. The Tribunal instructed the Assessing Officer to exclude such interest from the taxable income, aligning with Reserve Bank guidelines. The court upheld this decision, citing no legal error and consistent judicial precedent, resulting in the dismissal of the tax case against the company. en-us Mon, 04 Jun 2007 00:00:00 +0530 Thu, 18 Jan 2024 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13558 The Tribunal ruled in favor of the appellant company, determining that interest on non-performing assets should not be taxed unless recognized as income. The Tribunal instructed the Assessing Officer to exclude such interest from the taxable income, aligning with Reserve Bank guidelines. The court upheld this decision, citing no legal error and consistent judicial precedent, resulting in the dismissal of the tax case against the company. Case-Laws Income Tax Mon, 04 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13558