https://www.taxtmi.com/caselaws?id=793736 Tax treatment of banking operations addresses whether foreign currency translation reserve opening balances can be taxed outside the relevant previous year, and whether minimum alternate tax applies to banks governed by banking law. It examines the inapplicability of section 14A disallowance to stock-in-trade investments, reassessment without fresh tangible material, and bad-debt deductions exceeding available provisions. It also covers accrual and deductibility of securities interest, perpetual-bond interest, NPA interest, HTM premium amortisation, wage-revision provisions, investment depreciation and regulatory penalties. Assessment in the name of a non-existent amalgamated entity is treated as a jurisdictional defect rendering the assessment void. en-us Fri, 29 May 2026 00:00:00 +0530 Mon, 22 Jun 2026 11:09:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793736 Tax treatment of banking operations addresses whether foreign currency translation reserve opening balances can be taxed outside the relevant previous year, and whether minimum alternate tax applies to banks governed by banking law. It examines the inapplicability of section 14A disallowance to stock-in-trade investments, reassessment without fresh tangible material, and bad-debt deductions exceeding available provisions. It also covers accrual and deductibility of securities interest, perpetual-bond interest, NPA interest, HTM premium amortisation, wage-revision provisions, investment depreciation and regulatory penalties. Assessment in the name of a non-existent amalgamated entity is treated as a jurisdictional defect rendering the assessment void. Case-Laws Income Tax Fri, 29 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793736