https://www.taxtmi.com/caselaws?id=267833 The Tribunal upheld the CIT(A)'s decision to delete additions under the head income from NPA and premium expenditure on Government securities. It emphasized adherence to RBI guidelines and the principle of taxing only real income. The Tribunal dismissed the Revenue's appeal on both grounds, affirming that notional interest income from NPA and premium expenditure on government securities held till maturity are not taxable under the Income Tax Act. en-us Fri, 16 Oct 2015 00:00:00 +0530 Mon, 16 Nov 2015 01:24:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267833 The Tribunal upheld the CIT(A)'s decision to delete additions under the head income from NPA and premium expenditure on Government securities. It emphasized adherence to RBI guidelines and the principle of taxing only real income. The Tribunal dismissed the Revenue's appeal on both grounds, affirming that notional interest income from NPA and premium expenditure on government securities held till maturity are not taxable under the Income Tax Act. Case-Laws Income Tax Fri, 16 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267833