https://www.taxtmi.com/caselaws?id=258791 The Tribunal allowed the appeal of the assessee and directed the Assessing Officer to delete the addition of Rs. 1,72,73,000 made on account of accrued interest on Non-Performing Assets (NPAs). The Tribunal relied on a previous decision in favor of another bank under similar circumstances and noted conflicting interpretations by different High Courts regarding the application of Supreme Court decisions on income recognition norms set by the Reserve Bank of India. The Tribunal, following established legal principles, ruled in favor of the assessee and instructed the AO to remove the disputed addition. en-us Fri, 27 Mar 2015 00:00:00 +0530 Tue, 21 Apr 2015 06:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258791 The Tribunal allowed the appeal of the assessee and directed the Assessing Officer to delete the addition of Rs. 1,72,73,000 made on account of accrued interest on Non-Performing Assets (NPAs). The Tribunal relied on a previous decision in favor of another bank under similar circumstances and noted conflicting interpretations by different High Courts regarding the application of Supreme Court decisions on income recognition norms set by the Reserve Bank of India. The Tribunal, following established legal principles, ruled in favor of the assessee and instructed the AO to remove the disputed addition. Case-Laws Income Tax Fri, 27 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258791