https://www.taxtmi.com/caselaws?id=405688 The Court dismissed the Revenue's appeal challenging the Tribunal's decision regarding interest calculation on loans, provision for non-performing assets, audit cost deduction, and TDS issues. The Court upheld the Tribunal's decisions based on previous judgments and RBI guidelines, stating that non-performing assets do not generate revenue necessitating tax payment. The appeal was dismissed, affirming the Tribunal's rulings on accounting treatments and provisions made by the assessee. en-us Thu, 04 Feb 2021 00:00:00 +0530 Thu, 25 Mar 2021 09:32:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405688 The Court dismissed the Revenue's appeal challenging the Tribunal's decision regarding interest calculation on loans, provision for non-performing assets, audit cost deduction, and TDS issues. The Court upheld the Tribunal's decisions based on previous judgments and RBI guidelines, stating that non-performing assets do not generate revenue necessitating tax payment. The appeal was dismissed, affirming the Tribunal's rulings on accounting treatments and provisions made by the assessee. Case-Laws Income Tax Thu, 04 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405688