Assessing Non-Performing Assets for 2004-05: No Interest Income Accrual per Accounting Standard 9 & Ministry Notification. https://www.taxtmi.com/highlights?id=48158 Income recognition - interest income on 'non-performing assets' - AS 9 - For AY 2004-05 it is to be seen is whether the assessee has got non-performing asset in terms of the definition in the notification issued by MCA dated 26.07.2001 and circular of the CBDT dated 09.10.1984 have no application - no accrual of income en-us Wed, 24 Jul 2019 09:11:24 +0530 Wed, 24 Jul 2019 09:11:24 +0530 TaxTMI RSS Generator Assessing Non-Performing Assets for 2004-05: No Interest Income Accrual per Accounting Standard 9 & Ministry Notification. https://www.taxtmi.com/highlights?id=48158 Income recognition - interest income on 'non-performing assets' - AS 9 - For AY 2004-05 it is to be seen is whether the assessee has got non-performing asset in terms of the definition in the notification issued by MCA dated 26.07.2001 and circular of the CBDT dated 09.10.1984 have no application - no accrual of income Highlights Income Tax Wed, 24 Jul 2019 09:11:24 +0530 https://www.taxtmi.com/highlights?id=48158