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2021 (2) TMI 416 - AT - Income TaxInterest on NPAs - interest receivable on non- performing advances but not received during the course of assessment - HELD THAT:- No dispute that we are dealing in AY.2015-16 dealing with the case of the assessee/co-operative urban bank. The legislature has included a co-operative bank as covered u/s.43D(a) of the Act vide Finance Act, 2017 w.e.f. 01-04-2018 only. Meaning thereby that the said amendment does not carry retrospective effect. This tribunal’s co-ordinate bench’s decision The Taliparamba Co-operative Bank Ltd [2019 (3) TMI 1853 - ITAT COCHIN] deletes the very nature of additions of interest on NPAs - We direct the Assessing Officer to delete the impugned addition - Decided in favour of assessee.
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