https://www.taxtmi.com/caselaws?id=776897 ITAT, Mumbai set aside multiple contested additions to the ld.AO for de novo consideration in the interest of natural justice, directing fresh adjudication on extinguishment of liabilities, applicability of s.50C/s.43CA to depreciable/block assets, and related facts. The panel confirmed that s.14A disallowance requires recorded AO satisfaction. Disallowance for ESOP expense was deleted. Interest on NPAs to be taxed under s.43D per RBI prudential norms. Broken-period interest treatment for banks was recognized in line with recent SC authority for HTM stock-in-trade. Standard-asset provisioning allowed as deductible under s.36(1)(viia). en-us Tue, 07 Jan 2025 00:00:00 +0530 Wed, 13 Aug 2025 15:30:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776897 ITAT, Mumbai set aside multiple contested additions to the ld.AO for de novo consideration in the interest of natural justice, directing fresh adjudication on extinguishment of liabilities, applicability of s.50C/s.43CA to depreciable/block assets, and related facts. The panel confirmed that s.14A disallowance requires recorded AO satisfaction. Disallowance for ESOP expense was deleted. Interest on NPAs to be taxed under s.43D per RBI prudential norms. Broken-period interest treatment for banks was recognized in line with recent SC authority for HTM stock-in-trade. Standard-asset provisioning allowed as deductible under s.36(1)(viia). Case-Laws Income Tax Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776897