https://www.taxtmi.com/caselaws?id=210426 ITAT held that reimbursement of MICR clearing charges paid through a clearing agent did not attract TDS liability for the bank, so the disallowance was deleted. Payment characterized as service/maintenance charges for furniture/fixtures was treated as rent for TDS purposes, and the disallowance was upheld. On accrued interest on NPAs, the Tribunal affirmed Section 43D's override of accrual accounting: interest is taxable in the year it is credited or actually received, whichever is earlier, and Revenue must follow this statutory rule. en-us Wed, 30 Nov 2011 00:00:00 +0530 Tue, 19 Aug 2025 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210426 ITAT held that reimbursement of MICR clearing charges paid through a clearing agent did not attract TDS liability for the bank, so the disallowance was deleted. Payment characterized as service/maintenance charges for furniture/fixtures was treated as rent for TDS purposes, and the disallowance was upheld. On accrued interest on NPAs, the Tribunal affirmed Section 43D's override of accrual accounting: interest is taxable in the year it is credited or actually received, whichever is earlier, and Revenue must follow this statutory rule. Case-Laws Income Tax Wed, 30 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210426