https://www.taxtmi.com/caselaws?id=178691 A co-operative bank article notes that deduction for bad and doubtful debts under section 36(1)(viia) is confined to the provision actually created in the books. It also states that, for a co-operative bank not covered by section 43D, interest on non-performing assets does not accrue where recovery is doubtful and RBI prudential norms defer recognition, so such income is not taxed on accrual basis. The text further records that premium paid on Government securities held to maturity may be amortized over the remaining period to maturity and allowed as revenue expenditure. en-us Wed, 16 Apr 2014 00:00:00 +0530 Wed, 10 Feb 2016 18:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178691 A co-operative bank article notes that deduction for bad and doubtful debts under section 36(1)(viia) is confined to the provision actually created in the books. It also states that, for a co-operative bank not covered by section 43D, interest on non-performing assets does not accrue where recovery is doubtful and RBI prudential norms defer recognition, so such income is not taxed on accrual basis. The text further records that premium paid on Government securities held to maturity may be amortized over the remaining period to maturity and allowed as revenue expenditure. Case-Laws Income Tax Wed, 16 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178691