THE DY. CIT,, VIJAYAWADA vs. M/S. THE GANDHI CO-OP., VIJAYAWADA
In the result, appeals of the revenue for the assessment years 2012-
ITA 461/VIZ/2016[2013-2014]Status: DisposedITAT Visakhapatnam05 Sept 2018AY 2013-2014
Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.199/Viz/2016 (धििाारण िर्ा/Assessment Year: 2012-13) Joint Commissioner Of Vs. The Gandhi Cooperative Income Tax (Osd), Vijayawada Urban Bank Ltd. Vijayawada [Pan :Aaaat8072G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.461/Viz/2016 (धििाारण िर्ा/Assessment Year: 2013-14) Deputy Commissioner Of Income Tax Vs. The Gandhi Cooperative Circle-2(1), Vijayawada Urban Bank Ltd. Vijayawada [Pan :Aaaat8072G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) Cross Objection No.01/Viz/2018 (Arising Out Of I.T.A.Nos.199/Viz/2016) The Gandhi Cooperative Urban Vs. Joint Commissioner Of Income Bank Ltd., Vijayawada Tax (Osd), Vijayawada [Pan :Aaaat8072G] Cross Objection No.02/Viz/2018 (Arising Out Of I.T.A.No.461/Viz/2016) The Gandhi Cooperative Urban Deputy Commissioner Of Bank Ltd., Vijayawada Income Tax [Pan :Aaaat8072G] Circle-2(1), Vijayawada निर्धाऩिती की ओि से/ Assessee By : Shri C.Subrahmanyam, Ar िधजस्व की ओि से/ Revenue By : Smt U Mini Chandran, Dr सुिवधई की तधिीख / Date Of Hearing : 20.08.2018 05.09.2018 घोषणध की तधिीख/Date Of Pronouncement :
For Appellant: Shri C.Subrahmanyam, ARFor Respondent: Smt U Mini Chandran, DR
43D, a certain class of assessees is given benefit under the provisions of the Act would not mean that the same would override the circular-Tribunal was therefore right in laws and on facts in holding that interest on non performing assets is not taxable on accrual basis looking to the guidelines of the RBI.
Hon’ble High court with
