https://www.taxtmi.com/caselaws?id=179963 Interest on non-performing asset advances to a co-operative bank was treated as not accruing for tax when RBI prudential norms governed income recognition and recovery remained doubtful, so the addition was deleted. On pigmy commission, the Tribunal held that the assessee's reliance on the second proviso to section 40(a)(ia) and section 201(1) had not been examined by the lower authorities, so the disallowance matter was remanded to the Assessing Officer for fresh consideration after hearing the assessee. The appeal was thus partly allowed. en-us Mon, 28 Apr 2014 00:00:00 +0530 Mon, 14 Mar 2016 12:13:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179963 Interest on non-performing asset advances to a co-operative bank was treated as not accruing for tax when RBI prudential norms governed income recognition and recovery remained doubtful, so the addition was deleted. On pigmy commission, the Tribunal held that the assessee's reliance on the second proviso to section 40(a)(ia) and section 201(1) had not been examined by the lower authorities, so the disallowance matter was remanded to the Assessing Officer for fresh consideration after hearing the assessee. The appeal was thus partly allowed. Case-Laws Income Tax Mon, 28 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179963