https://www.taxtmi.com/caselaws?id=405770 ITAT Pune dismissed the Revenue's appeal against deletion of addition on account of accrued interest on NPAs. Relying on its earlier decision in the assessee's own case for AY 2011-12 and other similar rulings, the Tribunal held that such accrued interest on NPAs does not constitute taxable income. It confirmed that, in view of s. 43D r/w Rule 6EA, interest on NPAs is not chargeable to tax on an accrual basis. Finding no infirmity in the order of the CIT(A), ITAT upheld the relief granted to the assessee and rejected all grounds raised by the Revenue. en-us Tue, 16 Mar 2021 00:00:00 +0530 Wed, 26 Nov 2025 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405770 ITAT Pune dismissed the Revenue's appeal against deletion of addition on account of accrued interest on NPAs. Relying on its earlier decision in the assessee's own case for AY 2011-12 and other similar rulings, the Tribunal held that such accrued interest on NPAs does not constitute taxable income. It confirmed that, in view of s. 43D r/w Rule 6EA, interest on NPAs is not chargeable to tax on an accrual basis. Finding no infirmity in the order of the CIT(A), ITAT upheld the relief granted to the assessee and rejected all grounds raised by the Revenue. Case-Laws Income Tax Tue, 16 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405770