https://www.taxtmi.com/caselaws?id=277523 The Tribunal partly allowed the appeal, upholding the disallowance under section 36(1)(viia) for a cooperative society engaged in banking. However, the Tribunal ruled in favor of the assessee regarding the verification of interest on NPA accounts and the disallowance of amortization of premium on HTM securities. The decision highlighted the importance of adhering to judicial precedents, specific provisions of the Income Tax Act, and regulatory guidelines such as those issued by the RBI. en-us Fri, 29 May 2015 00:00:00 +0530 Fri, 07 Dec 2018 06:50:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277523 The Tribunal partly allowed the appeal, upholding the disallowance under section 36(1)(viia) for a cooperative society engaged in banking. However, the Tribunal ruled in favor of the assessee regarding the verification of interest on NPA accounts and the disallowance of amortization of premium on HTM securities. The decision highlighted the importance of adhering to judicial precedents, specific provisions of the Income Tax Act, and regulatory guidelines such as those issued by the RBI. Case-Laws Income Tax Fri, 29 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277523