https://www.taxtmi.com/caselaws?id=193140 The Tribunal upheld the deletion of the addition of interest on NPAs, citing that Section 43D applies to cooperative banks, and interest on NPAs should not be taxed on a notional basis. Additionally, the Tribunal ruled in favor of the assessee regarding the disallowance under section 14A by applying Rule 8D, following a precedent from a previous assessment year. The Revenue's appeal was dismissed, and the assessee's cross-objection was allowed, confirming the non-taxability of interest on NPAs and rejecting the disallowance under section 14A. en-us Fri, 27 Sep 2013 00:00:00 +0530 Fri, 14 Jul 2017 18:48:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193140 The Tribunal upheld the deletion of the addition of interest on NPAs, citing that Section 43D applies to cooperative banks, and interest on NPAs should not be taxed on a notional basis. Additionally, the Tribunal ruled in favor of the assessee regarding the disallowance under section 14A by applying Rule 8D, following a precedent from a previous assessment year. The Revenue's appeal was dismissed, and the assessee's cross-objection was allowed, confirming the non-taxability of interest on NPAs and rejecting the disallowance under section 14A. Case-Laws Income Tax Fri, 27 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193140