Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2015 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (1) TMI 558 - ITAT PUNERestricting the deduction to the extent of amount of provision made in the books, for bad and doubtful debt i.e. ₹ 58,00,000/- and there by disallowing deduction of ₹ 1,07,58,930/- - Held that:- This issue stands decided against the assessee by the decision of the Tribunal in assessee's own case for the A.Y. 2008-09 - Decided against assessee. Interest on NPA accounts - CIT (Appeals) erred by adding amount of ₹ 64,66,409/-on account of interest on NPA accounts which is not recognized as income? - Held that:- Following the decision of the Tribunal in assessee's own case in the immediately preceding assessment year and in the absence of any distinguishable feature brought on record by the Ld. Departmental Representative, the above ground by the assessee is allowed - Decided in favour of assessee. Premium amortised on HTM Securities - Held that:- CIT(A) made no mistake in allowing the claim of the assessee for deduction of ₹ 51,95,263/- representing amortization of premium paid on Government Securities under the HTM category. Thus on this Ground also, Revenue fails - Decided in favour of assessee.
|