https://www.taxtmi.com/caselaws?id=460336 Salary and perquisites paid by a bank to employees were held, in the connected matter for the same assessment year, to be governed by the earlier binding decision, and the restriction under section 40A(5) was therefore treated as inapplicable to the extent contended by the Revenue. Interest on sticky loans was also governed by the principle laid down in UCO Bank and the CBDT circular, so the circular-based method continued to apply. Both questions were resolved in favour of the assessee and against the Revenue, and the appeal accordingly failed on the settled legal position. en-us Tue, 12 Aug 2008 00:00:00 +0530 Mon, 20 Jan 2025 14:36:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460336 Salary and perquisites paid by a bank to employees were held, in the connected matter for the same assessment year, to be governed by the earlier binding decision, and the restriction under section 40A(5) was therefore treated as inapplicable to the extent contended by the Revenue. Interest on sticky loans was also governed by the principle laid down in UCO Bank and the CBDT circular, so the circular-based method continued to apply. Both questions were resolved in favour of the assessee and against the Revenue, and the appeal accordingly failed on the settled legal position. Case-Laws Income Tax Tue, 12 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460336