https://www.taxtmi.com/caselaws?id=185916 The appeals concerning the taxation of interest on non-performing assets (NPAs) and the disallowance of deduction for dividend income from cooperative banks were remanded back to the assessing officer (AO) for fresh consideration. The Income Tax Appellate Tribunal (ITAT) directed the assessee to establish its status as a scheduled bank and address the accrual of interest on NPAs based on case-specific facts. Additionally, the ITAT allowed the assessee to reexamine the eligibility for deduction under Section 80P(2)(d) for dividend income, emphasizing the need for proper documentation to support the claim. Both appeals were treated as allowed for statistical purposes, with further directions for clarification and assessment. en-us Fri, 21 Jun 2013 00:00:00 +0530 Wed, 02 Aug 2017 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185916 The appeals concerning the taxation of interest on non-performing assets (NPAs) and the disallowance of deduction for dividend income from cooperative banks were remanded back to the assessing officer (AO) for fresh consideration. The Income Tax Appellate Tribunal (ITAT) directed the assessee to establish its status as a scheduled bank and address the accrual of interest on NPAs based on case-specific facts. Additionally, the ITAT allowed the assessee to reexamine the eligibility for deduction under Section 80P(2)(d) for dividend income, emphasizing the need for proper documentation to support the claim. Both appeals were treated as allowed for statistical purposes, with further directions for clarification and assessment. Case-Laws Income Tax Fri, 21 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185916