https://www.taxtmi.com/caselaws?id=336830 The Tribunal concluded that the assessee is not eligible for exemption under Section 80P(2)(a)(i) due to its banking-like activities with non-members, falling under Section 80P(4). Treatment of overdue interest on sticky loans was allowed in favor of the assessee. Verification and decision on NPAs were directed to be conducted by the A.O. The statutory reserve issue was dismissed. The appeals were partly allowed, and cross-objections were dismissed as infructuous. en-us Fri, 23 Dec 2016 00:00:00 +0530 Wed, 28 Dec 2016 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336830 The Tribunal concluded that the assessee is not eligible for exemption under Section 80P(2)(a)(i) due to its banking-like activities with non-members, falling under Section 80P(4). Treatment of overdue interest on sticky loans was allowed in favor of the assessee. Verification and decision on NPAs were directed to be conducted by the A.O. The statutory reserve issue was dismissed. The appeals were partly allowed, and cross-objections were dismissed as infructuous. Case-Laws Income Tax Fri, 23 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336830