https://www.taxtmi.com/caselaws?id=192905 For a co-operative bank, interest on non-performing assets is not taxed on a notional accrual basis where recovery of principal is doubtful, reflecting the real income principle and the limits of RBI overriding provisions for co-operative banks. Premium amortisation on government securities held in the held-to-maturity category is treated as allowable when supported by RBI prudential norms and CBDT banking instructions, as the securities are part of the bank's investment portfolio. A Commissioner (Appeals) may also direct verification of additional evidence on leave salary claims and remit the matter for factual scrutiny without impermissibly setting aside the assessment. en-us Thu, 24 Apr 2014 00:00:00 +0530 Sat, 01 Jul 2017 18:32:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192905 For a co-operative bank, interest on non-performing assets is not taxed on a notional accrual basis where recovery of principal is doubtful, reflecting the real income principle and the limits of RBI overriding provisions for co-operative banks. Premium amortisation on government securities held in the held-to-maturity category is treated as allowable when supported by RBI prudential norms and CBDT banking instructions, as the securities are part of the bank's investment portfolio. A Commissioner (Appeals) may also direct verification of additional evidence on leave salary claims and remit the matter for factual scrutiny without impermissibly setting aside the assessment. Case-Laws Income Tax Thu, 24 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192905