https://www.taxtmi.com/highlights?id=74393 Accrual of income - interest due on NPA accounts - it is not in dispute that the assessee is a Co-operative Bank and covered under Non Scheduled Bank as per the Banking Regulation Act, 1949 and therefore, the amendment brought in by the Finance Act, 2017 which has been held to be retrospective in nature applies in the case of the assessee. Thus the addition so made by the AO and confirmed by the ld. CIT(A) is hereby set aside. - AT en-us Sat, 27 Jan 2024 08:30:44 +0530 Sat, 27 Jan 2024 08:30:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74393 Accrual of income - interest due on NPA accounts - it is not in dispute that the assessee is a Co-operative Bank and covered under Non Scheduled Bank as per the Banking Regulation Act, 1949 and therefore, the amendment brought in by the Finance Act, 2017 which has been held to be retrospective in nature applies in the case of the assessee. Thus the addition so made by the AO and confirmed by the ld. CIT(A) is hereby set aside. - AT Highlights Income Tax Sat, 27 Jan 2024 08:30:44 +0530 https://www.taxtmi.com/highlights?id=74393