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2021 (7) TMI 404 - AT - Income TaxAddition made of interest on sticky loans/NPAs - CIT-A deleted the addition - HELD THAT:- Identical issue had been adjudicated by the ITAT Chandigarh Bench in the case of Kangra Central Cooperative Bank Ltd., Dharamshala (supra). [2017 (1) TMI 1533 - ITAT CHANDIGARH] The ITAT had held the same to be taxable on receipt basis following its decision in the case of Ludhiana Central Cooperative Bank Ltd. [2017 (1) TMI 778 - ITAT CHANDIGARH] wherein it noted, that the judgement of the Hon' ble Gujarat High Court in the case of Pr. CIT- 5 vs Shri Mahila Sewa Sahkari Bank Ltd [2016 (8) TMI 377 - GUJARAT HIGH COURT] and CIT vs Deogiri Nagari Sahakari Bank Ltd & Others. [2015 (1) TMI 1218 - BOMBAY HIGH COURT] was followed. DR has been unable to distinguish the said case before us, nor has he brought to our notice any contrary judgment of any Hon' ble High Court or the Hon' ble Apex Court on the issue. Since admittedly the issue stands covered in favour of the assessee by the decision of the ITAT Chandigarh Bench in the case of Kangra Central Cooperative Bank Ltd., Dharamshala (supra) we see no reason to interfere in the order of the Ld.CIT(A) who has deleted the addition so made following the said decision. Appeal of the Revenue is dismissed.
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