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2018 (1) TMI 1232 - AT - Income TaxAddition made on account of interest income on NPAs - Determination of tax liability - whether the assessee is a non-scheduled co-operative bank and the provisions of section 43D are not applicable to the assessee? - Held that:- As relying on case Pr. Commissioner of Income Tax vs. Shri Mahila Sewa Sahakari Bank Ltd [2016 (8) TMI 377 - GUJARAT HIGH COURT] we dismiss the appeal of the department as Co-operative bank is also a banking company; not liable to pay tax on NPA interest on accrual basis in view of RBI norms relating to income recognition and assets classification. - Decided against revenue
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