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Case Law Details

Case Name : Southern Technologies Ltd. Vs. JCIT (Supreme Court of India)
Appeal Number : [2010] 320 ITR 577 (SC)
Date of Judgement/Order : 11/01/2010
Related Assessment Year :
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An interesting question of law which arises for determination in these Civil Appeals filed by Non-banking Financial Companies (NBFCs for short) is:

Whether the Department is entitled to treat the ‘Provision for NPA, which in terms of RBI Directions 199

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