https://www.taxtmi.com/caselaws?id=250654 The High Court upheld the Tribunal's decision regarding the assessment of interest on securities for the assessee bank, ruling that interest should be taxed only on specified due dates. In the case of bad debts, the Court allowed the claim for non-rural branches without setting off against provisions, following precedent and finding no error in the lower authorities' decisions. The Court ruled in favor of the assessee in both issues, dismissing the appeal and answering substantial questions of law against the Revenue. en-us Mon, 11 Aug 2014 00:00:00 +0530 Wed, 20 May 2026 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250654 The High Court upheld the Tribunal's decision regarding the assessment of interest on securities for the assessee bank, ruling that interest should be taxed only on specified due dates. In the case of bad debts, the Court allowed the claim for non-rural branches without setting off against provisions, following precedent and finding no error in the lower authorities' decisions. The Court ruled in favor of the assessee in both issues, dismissing the appeal and answering substantial questions of law against the Revenue. Case-Laws Income Tax Mon, 11 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250654