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2020 (4) TMI 627 - HC - Income TaxAddition u/s 43D - additions on account of accrued interest on loans which are classified as "Non-performing Assets” - Scope of amendment brought to Section 43D - I.T.A.T. confirming the decision of CIT (A) deleting the additions - HELD THAT:- Legislature in his wisdom has found it fit to hold that accrued interest on bad debts and doubtful debts and Non-performing Assets which are not received by the institution cannot be taxed. In that view of the matter, we are in respectful agreement with the judgment of the earlier Coordinate Bench in the case of CIT V/s Bijapur District Central, Co-Operative Bank Ltd., Vijayapura [2018 (5) TMI 437 - KARNATAKA HIGH COURT].
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