Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2012 (9) TMI 1024 - ITAT PUNE
Concept of real income approved in the case of banking business - whether Assessee can offer his interest received from bad and doubtful debts (NPA) on actual basis as per RBI guidelines even though assessee is following mercantile systems of accounting - section 43D applicability - Held that:- We find that this issue stands squarely covered in favour of the assessee by the decision of the ITAT,”A” Bench, Pune, in the case of CIT, Cir 3, Nanded Vs. Osmanabad Janta Sahakari Bank Ltd. [2015 (3) TMI 886 - ITAT PUNE].