https://www.taxtmi.com/caselaws?id=290491 The Tribunal upheld the CIT (Appeals) decision favoring the assessee regarding interest on NPAs, classifying interest under the Loan Waiver Scheme as capital receipts, and partially allowing deductions for rural branches. It set aside the disallowance of deductions under Section 36(1)(viia) and contingent liability provisions for further verification by the Assessing Officer. The appeals were partly allowed for both assessment years. en-us Thu, 28 Sep 2017 00:00:00 +0530 Thu, 14 Nov 2024 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290491 The Tribunal upheld the CIT (Appeals) decision favoring the assessee regarding interest on NPAs, classifying interest under the Loan Waiver Scheme as capital receipts, and partially allowing deductions for rural branches. It set aside the disallowance of deductions under Section 36(1)(viia) and contingent liability provisions for further verification by the Assessing Officer. The appeals were partly allowed for both assessment years. Case-Laws Income Tax Thu, 28 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290491