https://www.taxtmi.com/caselaws?id=261077 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 75,25,140/- on account of interest receivable on sticky loans/advances. The Tribunal affirmed that interest on Non-Performing Assets (NPAs) should not be taxed until actually received, aligning with RBI guidelines and the principle of "real income." The decision was consistent with prior rulings, reinforcing the non-taxability of interest on NPAs for non-scheduled banks until actual receipt. en-us Wed, 29 Apr 2015 00:00:00 +0530 Thu, 02 Jul 2015 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261077 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 75,25,140/- on account of interest receivable on sticky loans/advances. The Tribunal affirmed that interest on Non-Performing Assets (NPAs) should not be taxed until actually received, aligning with RBI guidelines and the principle of "real income." The decision was consistent with prior rulings, reinforcing the non-taxability of interest on NPAs for non-scheduled banks until actual receipt. Case-Laws Income Tax Wed, 29 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261077