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