https://www.taxtmi.com/caselaws?id=790280 Banking tax treatment covers employee-benefit provisions, exempt-income disallowance, securities valuation, bad-debt deductions and recognition of banking income. Actuarially measured pension and other accrued employee-benefit obligations may qualify as business deductions, while leave encashment remains subject to payment-based restriction. Section 14A disallowance requires a proximate nexus with exempt-income investments; banking securities may be valued as stock-in-trade at lower of cost or market value. Provisions for bad and doubtful debts remain subject to statutory limits and verification, and bad-debt recoveries are taxable only to the extent of earlier allowed deductions. NPA/NPI interest follows real-income and prudential-recognition principles where recovery is uncertain; treaty allocation may exclude foreign branch income from Indian taxation. en-us Tue, 21 Apr 2026 00:00:00 +0530 Wed, 22 Apr 2026 14:18:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790280 Banking tax treatment covers employee-benefit provisions, exempt-income disallowance, securities valuation, bad-debt deductions and recognition of banking income. Actuarially measured pension and other accrued employee-benefit obligations may qualify as business deductions, while leave encashment remains subject to payment-based restriction. Section 14A disallowance requires a proximate nexus with exempt-income investments; banking securities may be valued as stock-in-trade at lower of cost or market value. Provisions for bad and doubtful debts remain subject to statutory limits and verification, and bad-debt recoveries are taxable only to the extent of earlier allowed deductions. NPA/NPI interest follows real-income and prudential-recognition principles where recovery is uncertain; treaty allocation may exclude foreign branch income from Indian taxation. Case-Laws Income Tax Tue, 21 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790280