https://www.taxtmi.com/caselaws?id=186736 The court held that interest paid by a Co-operative Bank to its members above a certain threshold is subject to tax post-June 1, 2015. Regarding gratuity payable to employees, the Tribunal allowed deductions under specific sections if conditions are met, emphasizing the relevance of recent amendments. Income from non-performing assets should only be taxed upon actual receipt, considering various overdue scenarios. The decision clarifies that all non-performing assets fall under the nomenclature of bad loans, impacting tax treatment. The appeals were disposed of based on the resolutions for each issue. en-us Wed, 22 Jun 2016 00:00:00 +0530 Fri, 20 Jan 2017 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186736 The court held that interest paid by a Co-operative Bank to its members above a certain threshold is subject to tax post-June 1, 2015. Regarding gratuity payable to employees, the Tribunal allowed deductions under specific sections if conditions are met, emphasizing the relevance of recent amendments. Income from non-performing assets should only be taxed upon actual receipt, considering various overdue scenarios. The decision clarifies that all non-performing assets fall under the nomenclature of bad loans, impacting tax treatment. The appeals were disposed of based on the resolutions for each issue. Case-Laws Income Tax Wed, 22 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186736