https://www.taxtmi.com/caselaws?id=798118 Classification of a co-operative bank's deposits as unsecured loans was challenged because the assessment entry conflicted with the balance-sheet treatment. The assessment order was quashed to enable the taxpayer to receive an opportunity before the assessing authority. The merits of whether the deposits could properly be treated as unsecured loans were left open, and revenue authorities may issue notice and conduct fresh proceedings in accordance with law. en-us Thu, 20 Aug 2026 00:00:00 +0530 Wed, 02 Sep 2026 08:30:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798118 Classification of a co-operative bank's deposits as unsecured loans was challenged because the assessment entry conflicted with the balance-sheet treatment. The assessment order was quashed to enable the taxpayer to receive an opportunity before the assessing authority. The merits of whether the deposits could properly be treated as unsecured loans were left open, and revenue authorities may issue notice and conduct fresh proceedings in accordance with law. Case-Laws Income Tax Thu, 20 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798118