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2015 (1) TMI 1059 - ITAT PUNEInterest income on Non Performing Assets - CIT(A) deleted the addition - Held that:- No reasons to interfere with the ultimate conclusion of the CIT(A) in deleting the impugned addition relating to interest income in respect of NPAs as interest on NPA assets cannot be said to have accrued to the assessee Since it was a common point between the parties that the facts and circumstances in the present case are identical to those considered by us in the case of The Omerga Janta Sahakari Bank Ltd. (2014 (12) TMI 355 - ITAT PUNE), following the said precedent the present claim of the assessee deserves to be upheld. Thus, the order of the CIT(A) is hereby affirmed and the Revenue has to fail on this aspect. - Decided in favour of assessee.
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