https://www.taxtmi.com/caselaws?id=786075 Interest income on NPA was held taxable where the taxpayer continued to make substantial fresh advances to the same borrowers, so commercial reality outweighed a mechanical application of RBI prudential norms and Accounting Standard 9; ITAT's factual distinction between loan categories was sustained and treated as legally sound. Writ relief was refused because an effective statutory appeal under the income tax law was available and the petitioner failed to exhaust that remedy; negligence in missing limitation timelines did not qualify as exceptional grounds. The principle that only real income is taxable was acknowledged but rejected on these facts. en-us Fri, 30 Jan 2026 00:00:00 +0530 Thu, 05 Feb 2026 09:16:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786075 Interest income on NPA was held taxable where the taxpayer continued to make substantial fresh advances to the same borrowers, so commercial reality outweighed a mechanical application of RBI prudential norms and Accounting Standard 9; ITAT's factual distinction between loan categories was sustained and treated as legally sound. Writ relief was refused because an effective statutory appeal under the income tax law was available and the petitioner failed to exhaust that remedy; negligence in missing limitation timelines did not qualify as exceptional grounds. The principle that only real income is taxable was acknowledged but rejected on these facts. Case-Laws Income Tax Fri, 30 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786075