https://www.taxtmi.com/caselaws?id=467568 RBI income-recognition norms for co-operative banks governed the tax treatment of overdue interest, and interest on overdue or non-performing advances was not treated as accrued income where recovery was uncertain. On that basis, the disallowance of the provision for overdue interest was deleted. The cadre fund contribution paid under governmental instructions was also held allowable as business expenditure because it had a direct nexus with banking operations and staff-cost sharing in the co-operative banking structure. Both disputed additions were set aside. en-us Wed, 26 Sep 2018 00:00:00 +0530 Tue, 24 Mar 2026 17:12:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467568 RBI income-recognition norms for co-operative banks governed the tax treatment of overdue interest, and interest on overdue or non-performing advances was not treated as accrued income where recovery was uncertain. On that basis, the disallowance of the provision for overdue interest was deleted. The cadre fund contribution paid under governmental instructions was also held allowable as business expenditure because it had a direct nexus with banking operations and staff-cost sharing in the co-operative banking structure. Both disputed additions were set aside. Case-Laws Income Tax Wed, 26 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467568