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2018 (5) TMI 935 - ITAT CHANDIGARHTaxability of interest on loans categorised as non-performing assets/sticky loans - addition on accrual basis as contended by the Revenue or on receipt basis as claimed by the assessee - Held that:- The issue involved in the present appeals being identical to that decided by the Income-tax Appellate Tribunal in the case of Ludhiana Central Co- op. Bank Ltd., (2017 (1) TMI 778 - ITAT CHANDIGARH), the decision rendered therein would squarely apply to the present cases, following which we hold that the interest on sticky loans/non-performing assets has to be taxed on receipt basis. We, therefore, uphold the order of the Commissioner of Income-tax (Appeals) and dismiss the ground raised by the Revenue.
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