Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
transfer the same would be removed from the books of the bank. (iii) If the sale to SC/RC is at a price below the Net Book Value (NBV) (i.e. book value less the provision held), the shortfall should be written off/ debited to Profit & Loss Account of that year, subject to the provisions of co-operative societies acts/rules/administrative guidelines