https://www.taxtmi.com/caselaws?id=339034 The High Court dismissed the Revenue's appeals regarding the addition under Section 41(1) of the Income Tax Act, 1961, and the taxability of accrued interest on non-performing assets. The Court upheld the Tribunal's decisions, stating that no substantial question of law arose as previous rulings established that such additions under Section 41(1) cannot be made and accrued interest on NPAs is not taxable. The appeals were dismissed with no costs. en-us Mon, 30 Jan 2017 00:00:00 +0530 Tue, 01 Aug 2017 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339034 The High Court dismissed the Revenue's appeals regarding the addition under Section 41(1) of the Income Tax Act, 1961, and the taxability of accrued interest on non-performing assets. The Court upheld the Tribunal's decisions, stating that no substantial question of law arose as previous rulings established that such additions under Section 41(1) cannot be made and accrued interest on NPAs is not taxable. The appeals were dismissed with no costs. Case-Laws Income Tax Mon, 30 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339034