https://www.taxtmi.com/caselaws?id=469244 Banking income recognition under mixed accounting methods was examined across several items: interest on sub-standard advances remained on cash basis in line with the assessee's consistent method, while interest on standard advances was taxable on accrual basis subject to verification that the same income was not taxed twice. For non-SLR investments and zero coupon bonds, inconsistent cash and accrual treatment was not accepted, and the matter was remanded to avoid double taxation. Premium amortisation on government securities classified as held to maturity was allowed as a revenue deduction, provision for standard assets was deductible within the statutory ceiling, and advertisement and training expenses were allowable as business expenditure. en-us Tue, 04 Mar 2025 00:00:00 +0530 Wed, 10 Jun 2026 17:49:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469244 Banking income recognition under mixed accounting methods was examined across several items: interest on sub-standard advances remained on cash basis in line with the assessee's consistent method, while interest on standard advances was taxable on accrual basis subject to verification that the same income was not taxed twice. For non-SLR investments and zero coupon bonds, inconsistent cash and accrual treatment was not accepted, and the matter was remanded to avoid double taxation. Premium amortisation on government securities classified as held to maturity was allowed as a revenue deduction, provision for standard assets was deductible within the statutory ceiling, and advertisement and training expenses were allowable as business expenditure. Case-Laws Income Tax Tue, 04 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469244