Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Bad and doubtful debts interest treatment under special tax rules for banks and financial institutions. Special provision applies section 43D to interest income of public financial institutions, scheduled banks, State financial corporations and State industrial investment corporations in respect of specified categories of bad and doubtful debts. The provision covers non-viable or sticky advances showing sustained irregularities or signs of sickness in the borrower's account, advances recalled, suit-filed accounts, decreed debts, and other debts whose recoverability has become doubtful because of security shortfall, enforcement difficulty, or borrower default.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Bad and doubtful debts interest treatment under special tax rules for banks and financial institutions.
Special provision applies section 43D to interest income of public financial institutions, scheduled banks, State financial corporations and State industrial investment corporations in respect of specified categories of bad and doubtful debts. The provision covers non-viable or sticky advances showing sustained irregularities or signs of sickness in the borrower's account, advances recalled, suit-filed accounts, decreed debts, and other debts whose recoverability has become doubtful because of security shortfall, enforcement difficulty, or borrower default.
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