https://www.taxtmi.com/caselaws?id=467239 For cooperative banks, provision for bad and doubtful debts under section 36(1)(viia) was treated as allowable for the banking business as a whole and not limited to rural advances, so the higher provision claimed was accepted and the disallowance was deleted. Interest on non-performing assets was held taxable on receipt basis, because real income had not accrued and RBI income-recognition norms for cooperative banks prevailed over accrual-based taxation under section 145; the estimated interest addition was deleted. en-us Mon, 11 Mar 2019 00:00:00 +0530 Wed, 11 Mar 2026 19:07:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467239 For cooperative banks, provision for bad and doubtful debts under section 36(1)(viia) was treated as allowable for the banking business as a whole and not limited to rural advances, so the higher provision claimed was accepted and the disallowance was deleted. Interest on non-performing assets was held taxable on receipt basis, because real income had not accrued and RBI income-recognition norms for cooperative banks prevailed over accrual-based taxation under section 145; the estimated interest addition was deleted. Case-Laws Income Tax Mon, 11 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467239