https://www.taxtmi.com/caselaws?id=274974 The High Court upheld the Tribunal's decision regarding the tax assessment of Non-Performing Assets (NPAs) for the assessment year 2009-10. Despite the appellant's arguments referencing a previous Supreme Court decision, the High Court found no reason to interfere and dismissed the appeal. The treatment of NPAs, specifically regarding interest charged but not realized, was confirmed to be in accordance with established legal principles, emphasizing the relevance of the Supreme Court's decision in Southern Technologies Limited in determining the tax liability of NPAs. en-us Thu, 13 Nov 2014 00:00:00 +0530 Wed, 12 Sep 2018 19:44:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274974 The High Court upheld the Tribunal's decision regarding the tax assessment of Non-Performing Assets (NPAs) for the assessment year 2009-10. Despite the appellant's arguments referencing a previous Supreme Court decision, the High Court found no reason to interfere and dismissed the appeal. The treatment of NPAs, specifically regarding interest charged but not realized, was confirmed to be in accordance with established legal principles, emphasizing the relevance of the Supreme Court's decision in Southern Technologies Limited in determining the tax liability of NPAs. Case-Laws Income Tax Thu, 13 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274974