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2 results for “disallowance”+ Section 43Dclear

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Key Topics

Section 36(1)(viia)5Section 22Deduction2Disallowance2Addition to Income2

INOCME TAX OFFICER WARD -2, BHANDARA vs. THE BHANDRARA URBAN CO-OPERATIVE BANK LIMITED , BHANDARA

In the result, the appeals filed by the Revenue stand dismissed

ITA 158/NAG/2019[2009-10]Status: DisposedITAT Nagpur29 May 2024AY 2009-10

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

For Appellant: Shri Manoj G. MoryaniFor Respondent: Shri Kailash C. Kanojiya
Section 2Section 36Section 36(1)Section 36(1)(viia)Section 56

disallowing 27,03,083/- as income of the appellant being interest accrued on NPAs. This ground is therefore allowed.” 8. Since the issue for our adjudication is covered by the aforesaid decision of the Tribunal, consistent with the view taken therein, we decline to interfere with the order passed by the learned CIT(A) by dismissing the ground no.1, raised

ASSISTANT COMMISSIONER OF INCOME TAX , AKOLA CIRCLE , AKOLA vs. THE BULDHANA DISTRICT CENTRAL CO-OP BANK LIMITED , BULDHANA

In the result, appeal filed by the revenue is dismissed

ITA 118/NAG/2020[2011-12]Status: DisposedITAT Nagpur12 Dec 2024AY 2011-12

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

For Appellant: Shri Manoj G. MoryaniFor Respondent: Shri Sandipkumar Salunke
Section 143(1)Section 45(1)

disallowed in the assessment, was the origin point of the present issue. Therefore, as held by Hon'ble ITAT the reversal out of the overdue interest provision on NPA account, being eligible for deduction from the total income, the amount of Rs.2,91,38,000/- for AY 2011-12, as discussed in the table preceding para 5.6.1 is held