https://www.taxtmi.com/caselaws?id=366086 The High Court affirmed the respondent bank's classification as a Scheduled Bank for claiming bad debt deductions under the Income Tax Act. It upheld the deletion of disallowed Amortized Government Security Premium, following RBI guidelines on premium amortization. Additionally, the Court dismissed the addition of accrued interest on Non-Performing Assets advances, citing a previous settled judgment. The Tax Appeal was consequently dismissed, with the Court finding no legal questions to address in the matter. en-us Mon, 27 Aug 2018 00:00:00 +0530 Wed, 29 Aug 2018 07:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366086 The High Court affirmed the respondent bank's classification as a Scheduled Bank for claiming bad debt deductions under the Income Tax Act. It upheld the deletion of disallowed Amortized Government Security Premium, following RBI guidelines on premium amortization. Additionally, the Court dismissed the addition of accrued interest on Non-Performing Assets advances, citing a previous settled judgment. The Tax Appeal was consequently dismissed, with the Court finding no legal questions to address in the matter. Case-Laws Income Tax Mon, 27 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366086