2020 (4) TMI 627

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....nde, Advocate JUDGEMENT Heard the learned counsel for the appellant. 2. The Revenue is in appeal being aggrieved by the orders of Appellate Tribunal. The question that arise for consideration as below:- 1.Whether the Hon'ble I.T.A.T. is right in law and on facts in confirming the decision of the Id.CIT (A) deleting the additions on account of accrued interest on loans which are classified as ....

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....ate Bench in case of CIT V/s Bijapur District Central, Cooperative Bank Ltd. Vijayapura. The Co-ordinate Bench apart from expressing agreement with the finding rendered by the earlier Bench in the case of CIT V/s Canfin Ltd. was also of the view that the provisions of Section 43D of the Act itself provides that interest which has not been received on bad debts and doubtful debts cannot be the basi....