https://www.taxtmi.com/caselaws?id=252777 Unrealised interest on non-performing assets was treated as non-taxable on accrual where recovery was doubtful, applying the real income principle despite mercantile accounting, and a limited direction to verify the quantum was held within appellate jurisdiction. The provision for NPAs was accepted as a deduction as a provision for bad and doubtful debts made in line with RBI prudential norms. Audit fees were allowed on accrual because the liability had crystallised under the service rules. A verification direction on TDS for building rent under section 40(a)(ia) was also treated as within jurisdiction because it only checked for prior payment and avoided double disallowance. en-us Fri, 10 Oct 2014 00:00:00 +0530 Sat, 01 Nov 2014 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252777 Unrealised interest on non-performing assets was treated as non-taxable on accrual where recovery was doubtful, applying the real income principle despite mercantile accounting, and a limited direction to verify the quantum was held within appellate jurisdiction. The provision for NPAs was accepted as a deduction as a provision for bad and doubtful debts made in line with RBI prudential norms. Audit fees were allowed on accrual because the liability had crystallised under the service rules. A verification direction on TDS for building rent under section 40(a)(ia) was also treated as within jurisdiction because it only checked for prior payment and avoided double disallowance. Case-Laws Income Tax Fri, 10 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252777