https://www.taxtmi.com/caselaws?id=252923 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 26,23,703/- in respect of interest on sticky advances, ruling in favor of the assessee, a co-operative bank. The Tribunal relied on legal precedents and interpretations, including Section 43D of the Income Tax Act and relevant case law, to support the non-taxability of interest on non-performing assets. Emphasizing the concept of "real income," the Tribunal concluded that since the interest on sticky advances had not materialized, it should not be taxed. Consequently, the Tribunal dismissed the revenue's appeal and affirmed the CIT(A)'s order. en-us Thu, 28 Feb 2013 00:00:00 +0530 Fri, 07 Nov 2014 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252923 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 26,23,703/- in respect of interest on sticky advances, ruling in favor of the assessee, a co-operative bank. The Tribunal relied on legal precedents and interpretations, including Section 43D of the Income Tax Act and relevant case law, to support the non-taxability of interest on non-performing assets. Emphasizing the concept of "real income," the Tribunal concluded that since the interest on sticky advances had not materialized, it should not be taxed. Consequently, the Tribunal dismissed the revenue's appeal and affirmed the CIT(A)'s order. Case-Laws Income Tax Thu, 28 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252923