https://www.taxtmi.com/caselaws?id=300193 The Tribunal upheld the CIT(A)'s decisions on all contested issues, dismissing the Revenue's appeal. The additions on interest on NPAs and investments in government securities were deleted, disallowances under Section 40(a)(ia) and non-business expenditure were overturned, and provisions for NPAs and standard assets were directed to be allowed after verification. The Tribunal relied on previous court decisions to support its rulings, emphasizing adherence to established legal principles and precedents. en-us Wed, 09 Mar 2016 00:00:00 +0530 Sun, 16 Jan 2022 19:15:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300193 The Tribunal upheld the CIT(A)'s decisions on all contested issues, dismissing the Revenue's appeal. The additions on interest on NPAs and investments in government securities were deleted, disallowances under Section 40(a)(ia) and non-business expenditure were overturned, and provisions for NPAs and standard assets were directed to be allowed after verification. The Tribunal relied on previous court decisions to support its rulings, emphasizing adherence to established legal principles and precedents. Case-Laws Income Tax Wed, 09 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300193