https://www.taxtmi.com/caselaws?id=397252 The tribunal set aside the order of the ld. CIT (A) regarding the disallowance of Principal NPA, determining that the assessee was not eligible for the deduction under section 36(1)(viia). Additionally, the tribunal directed the AO to re-examine the disallowance of Time Barred Interest RES to ensure compliance with the provisions of the IT Act, providing the assessee with a fair hearing opportunity. The appeal was partially allowed for statistical purposes, addressing the issues comprehensively to ensure a fair assessment. en-us Fri, 31 Jul 2020 00:00:00 +0530 Tue, 11 Aug 2020 08:20:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397252 The tribunal set aside the order of the ld. CIT (A) regarding the disallowance of Principal NPA, determining that the assessee was not eligible for the deduction under section 36(1)(viia). Additionally, the tribunal directed the AO to re-examine the disallowance of Time Barred Interest RES to ensure compliance with the provisions of the IT Act, providing the assessee with a fair hearing opportunity. The appeal was partially allowed for statistical purposes, addressing the issues comprehensively to ensure a fair assessment. Case-Laws Income Tax Fri, 31 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397252