https://www.taxtmi.com/caselaws?id=255315 Interest on non-performing assets is not taxable on accrual when, under RBI prudential norms and the applicable co-operative law, it is shown separately and not recognised as income in substance; a mere book entry does not establish real income, so the addition was deleted. Deduction under section 36(1)(viia) is confined to the provision for bad and doubtful debts actually made in the books for the relevant year; a claim beyond the recorded provision was disallowed. Interest under section 234B remained consequential, leaving the appeal partly allowed. en-us Tue, 30 Dec 2014 00:00:00 +0530 Tue, 13 Jan 2015 13:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255315 Interest on non-performing assets is not taxable on accrual when, under RBI prudential norms and the applicable co-operative law, it is shown separately and not recognised as income in substance; a mere book entry does not establish real income, so the addition was deleted. Deduction under section 36(1)(viia) is confined to the provision for bad and doubtful debts actually made in the books for the relevant year; a claim beyond the recorded provision was disallowed. Interest under section 234B remained consequential, leaving the appeal partly allowed. Case-Laws Income Tax Tue, 30 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255315