https://www.taxtmi.com/caselaws?id=275237 Provision for staff gratuity and provision for standard assets were not allowed because no crystallised liability or actual write-off was shown. Amortised loss arising from the merger of a co-operative bank was also rejected, as the statutory conditions for carry forward and set-off were not met and no goodwill was acquired for depreciation. Amortisation of premium on Government securities was remitted for fresh verification on the factual record. Interest on share capital paid to members was treated as a reduction of interest income, not an appropriation of profits, so the disallowance was deleted. Interest paid to members on deposits was likewise held outside TDS disallowance in view of the CBDT clarification on member exemption. en-us Fri, 30 Sep 2016 00:00:00 +0530 Tue, 25 Sep 2018 08:21:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275237 Provision for staff gratuity and provision for standard assets were not allowed because no crystallised liability or actual write-off was shown. Amortised loss arising from the merger of a co-operative bank was also rejected, as the statutory conditions for carry forward and set-off were not met and no goodwill was acquired for depreciation. Amortisation of premium on Government securities was remitted for fresh verification on the factual record. Interest on share capital paid to members was treated as a reduction of interest income, not an appropriation of profits, so the disallowance was deleted. Interest paid to members on deposits was likewise held outside TDS disallowance in view of the CBDT clarification on member exemption. Case-Laws Income Tax Fri, 30 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275237