https://www.taxtmi.com/caselaws?id=779985 The dominant issue was whether the SLP challenging the HC ruling on taxability of interest on NPAs and accrual of interest on recurring deposits should be entertained despite delay. SC held that the 385-day delay in filing was not satisfactorily explained; consequently, the SLP was liable to be rejected at the threshold, resulting in dismissal and leaving the HC's decision in favour of the assessee undisturbed. SC further found no good ground to interfere on merits with the HC's determination on income recognition and year of assessment, and accordingly dismissed the SLP on delay as well as on merits. en-us Mon, 13 Oct 2025 00:00:00 +0530 Tue, 30 Dec 2025 16:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779985 The dominant issue was whether the SLP challenging the HC ruling on taxability of interest on NPAs and accrual of interest on recurring deposits should be entertained despite delay. SC held that the 385-day delay in filing was not satisfactorily explained; consequently, the SLP was liable to be rejected at the threshold, resulting in dismissal and leaving the HC's decision in favour of the assessee undisturbed. SC further found no good ground to interfere on merits with the HC's determination on income recognition and year of assessment, and accordingly dismissed the SLP on delay as well as on merits. Case-Laws Income Tax Mon, 13 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779985