https://www.taxtmi.com/caselaws?id=467262 Interest on non-performing assets was not taxable on accrual basis where recovery remained uncertain and the co-operative bank, following binding RBI directions, consistently recognised such interest only on receipt; the addition was therefore unsustainable. A provision for standard assets was also held allowable for eligible banks, because the statutory deduction for provisions for bad and doubtful debts was not confined only to provisions linked to bad assets; the disallowance was deleted and the claim sustained. en-us Thu, 16 Aug 2018 00:00:00 +0530 Thu, 12 Mar 2026 19:16:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467262 Interest on non-performing assets was not taxable on accrual basis where recovery remained uncertain and the co-operative bank, following binding RBI directions, consistently recognised such interest only on receipt; the addition was therefore unsustainable. A provision for standard assets was also held allowable for eligible banks, because the statutory deduction for provisions for bad and doubtful debts was not confined only to provisions linked to bad assets; the disallowance was deleted and the claim sustained. Case-Laws Income Tax Thu, 16 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467262