https://www.taxtmi.com/caselaws?id=255807 Interest on non-performing asset advances was not taxable on accrual where recovery remained uncertain and the co-operative bank had followed RBI prudential norms. The Tribunal applied the real income principle and held that, in the absence of binding jurisdictional High Court authority, the view favourable to the assessee should prevail. As the interest had not actually accrued during the year, the Revenue's addition was not sustainable and the appeal failed. en-us Mon, 12 Jan 2015 00:00:00 +0530 Thu, 14 May 2015 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255807 Interest on non-performing asset advances was not taxable on accrual where recovery remained uncertain and the co-operative bank had followed RBI prudential norms. The Tribunal applied the real income principle and held that, in the absence of binding jurisdictional High Court authority, the view favourable to the assessee should prevail. As the interest had not actually accrued during the year, the Revenue's addition was not sustainable and the appeal failed. Case-Laws Income Tax Mon, 12 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255807