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2021 (3) TMI 1098 - AT - Income TaxAccrual of income - Addition made on account of accrued interest on NPA - HELD THAT:- We note that while deciding the said issue the Co-ordinate Bench of this Tribunal placed reliance in assessee's own case for A.Y. 2011-12 and opined, since there was no order contrary to the finding of this Tribunal held the chargeability of accrued interest on NPA is bad under law. Further, we note that the order passed by this Tribunal for A.Y. 2011-12 wherein by placing reliance on the order of this Tribunal passed in various other assessees on identical issue come to such conclusion that accrued interest on NPA is not an income. We hold that the accrued interest on NPA is not chargeable to tax u/s. 43D r.w. Rule 6EA and we do not find any reason to interfere with the order of CIT(A) and accordingly it is justified. Thus, the grounds raised by the Revenue are dismissed.
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