https://www.taxtmi.com/caselaws?id=794306 A bank's actuarially valued pension and other employee-benefit provisions were treated as ascertained liabilities deductible on accrual, while privilege leave encashment remained allowable only on actual payment under section 43B. Disallowance under section 14A was linked to the presence of own funds and exempt-income investments, with recomputation limited to investments yielding exempt income and subject to exempt-income cap. Depreciation on leased assets was rejected, but valuation of securities at lower of cost or market value was accepted. Deduction under section 36(1)(viia) was held to cover provisions for standard assets, interest on NPAs was not taxable on accrual, section 41(4) required prior allowance of the bad-debt deduction, and section 115JB was held inapplicable to the bank. en-us Mon, 29 Jun 2026 00:00:00 +0530 Fri, 03 Jul 2026 08:49:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794306 A bank's actuarially valued pension and other employee-benefit provisions were treated as ascertained liabilities deductible on accrual, while privilege leave encashment remained allowable only on actual payment under section 43B. Disallowance under section 14A was linked to the presence of own funds and exempt-income investments, with recomputation limited to investments yielding exempt income and subject to exempt-income cap. Depreciation on leased assets was rejected, but valuation of securities at lower of cost or market value was accepted. Deduction under section 36(1)(viia) was held to cover provisions for standard assets, interest on NPAs was not taxable on accrual, section 41(4) required prior allowance of the bad-debt deduction, and section 115JB was held inapplicable to the bank. Case-Laws Income Tax Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794306