https://www.taxtmi.com/caselaws?id=335651 The Tribunal upheld the Commissioner of Income Tax (Appeals) decisions on all issues, allowing depreciation on merged bank losses as intangible assets, adding interest income on NPAs for one quarter, disallowing provision for standard assets, and disallowing outsourcing expenses and security charges. The judgments aligned with past decisions and statutory interpretations, prioritizing the Income Tax Act over external guidelines. Both the Revenue's and the assessee's appeals were dismissed. en-us Wed, 09 Nov 2016 00:00:00 +0530 Tue, 06 Dec 2016 16:09:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335651 The Tribunal upheld the Commissioner of Income Tax (Appeals) decisions on all issues, allowing depreciation on merged bank losses as intangible assets, adding interest income on NPAs for one quarter, disallowing provision for standard assets, and disallowing outsourcing expenses and security charges. The judgments aligned with past decisions and statutory interpretations, prioritizing the Income Tax Act over external guidelines. Both the Revenue's and the assessee's appeals were dismissed. Case-Laws Income Tax Wed, 09 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335651