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2017 (10) TMI 598 - HC - Income TaxDebiting of bad debts relating to the non-rural branches in the provision for bad debt account created in accordance with the provisions of Section 36(1)(viia) - Held that:- Thus issue has already been considered and has been answered in favour of the Revenue in the judgment of this Court in The Commissioner of Income Tax v. Lord Krishna Bank Ltd.[2010 (10) TMI 860 - Kerala High Court]. Addition of interest accrued on Government securities - interest on Government securities does not accrue on a day-to-day basis but only on the due date - whether the interest for broken period is a capital expenditure or a revenue expenditure - ITAT deleted the addition - Held that:- The questions have also been considered by this Court and answered against the Revenue in the judgments in Commissioner of Income Tax v. Federal Bank Ltd.[2008 (1) TMI 195 - KERALA HIGH COURT] and Commissioner of Income Tax v. Nedungadi Bank Ltd. [2002 (11) TMI 29 - KERALA High Court].
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