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2014 (1) TMI 1892 - AT - Income TaxAddition on account of Sticky Advances/NPA - HELD THAT:- Admittedly, assessee has directly taken the interest to the Balance Sheet and it is not routed through the Profit & Loss Account. Moreover, the issue of the taxability of the interest on the sticky losses/advances, is covered in favour of the assessee by the decision of the coordinate Benches in the case of The Durga Cooperative Urban Bank Ltd.[2011 (3) TMI 1552 - ITAT VISAKHAPATNAM] and Karnavati Cooperative Bank Ltd [2011 (11) TMI 367 - ITAT AHMEDABAD]. We find no reason to interfere with the reasoned order of the Ld. CIT(A) and accordingly the same is confirmed. In the result, the Revenue’s ground is dismissed.”. Respectfully following the decision of the Tribunal in the case of Osmanabad Janata Sahakari Bank Ltd.[2015 (3) TMI 886 - ITAT PUNE] and in absence of any contrary material brought to our notice we find no infirmity in the order of the CIT(A) deleting the addition made by the Assessing Officer on account of interest on sticky advances/NPA. Appeal filed by the Revenue is dismissed.
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