Interest in respect of doubtful debts.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... had been no recovery for three consecutive years could not be subjected to tax in the fourth year and onwards except for the actual amount of recovery, if any. 2.The Supreme Court, in their judgment dated 8.1.1986 in Civil Appeal No. 1860-1862 (NT) of 1978 in the case of State Bank of Travancore Vs. CIT Kerala, have held that interest charged on sticky advances and credited to 'Interest Suspense....