THE KARUR VYSYA BANK LTD.,KARUR vs. JCIT, TRICHY

Accordingly, the claim of the assessee that it had to be allowed on actual payment basis was, in our opinion, rightly allowed by the CIT(Appeals)

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George

section 43D of the Act read with Rule 6EA of the Rules permits accounting of interest income on receipt basis only if the loan account had become overdue for more than six months, whereas in the instant case, it is more than three months but less than six months as on 31.3.2010. The loan account becoming overdue and becoming sticky

THE KARUR VYSYA BANK LTD.,KARUR vs. JCIT, TRICHY

Accordingly, the claim of the assessee that it had to be allowed on actual payment basis was, in our opinion, rightly allowed by the CIT(Appeals)

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George

section 43D of the Act read with Rule 6EA of the Rules permits accounting of interest income on receipt basis only if the loan account had become overdue for more than six months, whereas in the instant case, it is more than three months but less than six months as on 31.3.2010. The loan account becoming overdue and becoming sticky

DCIT, TRICHY vs. THE KARUR VYSYA BANK LTD., KARUR

Accordingly, the claim of the assessee that it had to be allowed on actual payment basis was, in our opinion, rightly allowed by the CIT(Appeals)

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George

section 43D of the Act read with Rule 6EA of the Rules permits accounting of interest income on receipt basis only if the loan account had become overdue for more than six months, whereas in the instant case, it is more than three months but less than six months as on 31.3.2010. The loan account becoming overdue and becoming sticky

DCIT, TRICHY vs. M/S. THE KARUR VYSYA BANK. LTD., KARUR

Accordingly, the claim of the assessee that it had to be allowed on actual payment basis was, in our opinion, rightly allowed by the CIT(Appeals)

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George

section 43D of the Act read with Rule 6EA of the Rules permits accounting of interest income on receipt basis only if the loan account had become overdue for more than six months, whereas in the instant case, it is more than three months but less than six months as on 31.3.2010. The loan account becoming overdue and becoming sticky

THE NICOLOSON CO-OPERATIVE TOWN BANK LIMITED,THANJAVUR vs. INCOME TAX OFFICER, THANJAVUR

In the result the appeal of the assessee is allowed

Bench: Shri George George K, Hon’Ble & Shri S.R. Raghunatha, Hon’Bleआयकर अपील सं./Ita No.: 1783/Chny/2024 ननिाजरण वर्ज / Assessment Year: 2008-09 The Nicoloson Co-Operative Town Income Tax Officer, Bank Ltd., V. Ward (1), No 1120, East Main Street, Thanjavur. Thanjavur, Tamil Nadu 613001. [Pan: Aacft-3931-D] (अपीलाथी/Appellant) (प्रत्यथी/Respondent) अपीलाथी की ओर से/Appellant By : Shri. V. Alagappan, Ca प्रत्यथी की ओर से/Respondent By : Ms. Gouthami Manivasagam, Jcit सुनवाई की तारीख/Date Of Hearing : 24.02.2025 घोर्णा की तारीख/Date Of Pronouncement : 07.03.2025 आदेश /O R D E R

43D is that it is applicable to Co-operative Banks only from A.Y 2018-19 and the amendment is not retrospective. 4. The brief facts of the case are that the assessee the Co- operative bank engaged in banking and other activities filed its return of income for the A.Y.2018-19 on 16.09.2009 admitting a total income of Rs.21

ACIT, TRICHY vs. THE KARUR VYSYA BANK LTD., KARUR

In the result, I.T.A. Nos

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.1340 & 1341/Mds/2013 "नधा"रण वष" / Assessment Years : 2003-04 & 2005-06

disallowance made by the Assessing Officer to the extent of `4,45,425/- is remitted back to the file of the Assessing Officer. The Assessing Officer shall re-examine the material that may be filed by the assessee and decide the issue afresh in accordance with law, after giving a reasonable opportunity to the assessee. 64. Now coming to Department

THE KARUR VYSYA BANK LTD.,KARUR vs. ADDL. CIT, TRICHY

In the result, I.T.A. Nos

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.1340 & 1341/Mds/2013 "नधा"रण वष" / Assessment Years : 2003-04 & 2005-06

disallowance made by the Assessing Officer to the extent of `4,45,425/- is remitted back to the file of the Assessing Officer. The Assessing Officer shall re-examine the material that may be filed by the assessee and decide the issue afresh in accordance with law, after giving a reasonable opportunity to the assessee. 64. Now coming to Department

THE KARUR VYSYA BANK LTD.,KARUR vs. ADDL. CIT, TRICHY

In the result, I.T.A. Nos

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.1340 & 1341/Mds/2013 "नधा"रण वष" / Assessment Years : 2003-04 & 2005-06

disallowance made by the Assessing Officer to the extent of `4,45,425/- is remitted back to the file of the Assessing Officer. The Assessing Officer shall re-examine the material that may be filed by the assessee and decide the issue afresh in accordance with law, after giving a reasonable opportunity to the assessee. 64. Now coming to Department

ACIT, TRICHY vs. THE KARUR VYSYA BANK LTD., KARUR

In the result, I.T.A. Nos

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.1340 & 1341/Mds/2013 "नधा"रण वष" / Assessment Years : 2003-04 & 2005-06

disallowance made by the Assessing Officer to the extent of `4,45,425/- is remitted back to the file of the Assessing Officer. The Assessing Officer shall re-examine the material that may be filed by the assessee and decide the issue afresh in accordance with law, after giving a reasonable opportunity to the assessee. 64. Now coming to Department

ACIT, TRICHY vs. THE KARUR VYSYA BANK LTD., KARUR

In the result, the appeals of the assessee in I

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

43D as the NPAs being less than 180 days, confirmed the disallowance as estimated by the Assessing Officer to the extent of ₹.41,81,667/- under section

ACIT, KUMBAKONAM vs. CITY UNION BANK LIMITED, KUMBAKONAM

In the result, the appeals filed for the assessment year 2007-08 filed by

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

disallowed, relying on the provisions of section 43D has charged interest on NPA on Accrual Basis which are more than

ACIT, KUMBAKONAM vs. CITY UNION BANK LIMITED, KUMBAKONAM

In the result, the appeals filed for the assessment year 2007-08 filed by

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

disallowed, relying on the provisions of section 43D has charged interest on NPA on Accrual Basis which are more than

CITY UNION BANK LIMITED,KUMBAKONAM vs. JCIT, KUMBAKONAM

In the result, the appeals filed for the assessment year 2007-08 filed by

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

disallowed, relying on the provisions of section 43D has charged interest on NPA on Accrual Basis which are more than

CITY UNION BANK LIMITED,KUMBAKONAM vs. JCIT, KUMBAKONAM

In the result, the appeals filed for the assessment year 2007-08 filed by

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

disallowed, relying on the provisions of section 43D has charged interest on NPA on Accrual Basis which are more than

ACIT, KUMBAKONAM vs. CITY UNION BANK LIMITED, KUMBAKONAM

In the result, the appeals filed for the assessment year 2007-08 filed by

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

disallowed, relying on the provisions of section 43D has charged interest on NPA on Accrual Basis which are more than

ACIT, KUMBAKONAM vs. CITY UNION BANK LIMITED, KUMBAKONAM

In the result, the appeals filed for the assessment year 2007-08 filed by

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

disallowed, relying on the provisions of section 43D has charged interest on NPA on Accrual Basis which are more than

ACIT, KUMBAKONAM vs. CITY UNION BANK LIMITED, KUMBAKONAM

In the result, the appeals filed for the assessment year 2007-08 filed by

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

disallowed, relying on the provisions of section 43D has charged interest on NPA on Accrual Basis which are more than

ASSISTANT COMMISSIONER OF INCOME TAX, MADURAI vs. BEACH MINERAALS COMPANY, TIRUNELVELI

Bench: Shri Aby T. Varkey & Shri Jagadish

disallowance of items of expenses ought to be separately adjudicated and decided upon as to whether it is ought to be separately adjudicated and decided upon as to whether it is ought to be separately adjudicated and decided upon as to whether it is to be separately added to the estimated business income. According to to be separately added

ASSISTANT COMMISSIONER OF INCOME TAX, MADURAI vs. BEACH MINERAALS COMPANY, TIRUNELVELI

Bench: Shri Aby T. Varkey & Shri Jagadish

disallowance of items of expenses ought to be separately adjudicated and decided upon as to whether it is ought to be separately adjudicated and decided upon as to whether it is ought to be separately adjudicated and decided upon as to whether it is to be separately added to the estimated business income. According to to be separately added