2014 (11) TMI 1183

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....er the Hon'ble The Chief Justice Sri Kalyan Jyoti Sengupta) This appeal is sought to be preferred and admitted against judgment and order of the learned Tribunal dated 13.03.2014 in relation to the assessment year 2009-10 on the following suggested questions of law. I) In the facts and circumstances of the case, whether the order passed by the Hon'ble Tribunal is correct in law in holding that ....

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....yment? III) In the facts and circumstances of the case, whether the finding of the Hon'ble Tribunal is justified in holding that the interest on NPA (assets) shall be chargeable to tax when admittedly the same will not fetch any income? From the above, the question precisely is whether the concept of Non-Performing Assets as mentioned in the Circular has got any bearing with regard to the acc....