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TMI Blog2020 (4) TMI 627X X X X Extracts X X X X X X X X Extracts X X X X ..... additions - HELD THAT:- Legislature in his wisdom has found it fit to hold that accrued interest on bad debts and doubtful debts and Non-performing Assets which are not received by the institution cannot be taxed. In that view of the matter, we are in respectful agreement with the judgment of the earlier Coordinate Bench in the case of CIT V/s Bijapur District Central, Co-Operative Bank Ltd., Vija ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I.T. Act. 1961? 2.On the facts and in law, whether the Hon ble I.T.A.T. is right in confirming the decision of the Hon ble Id. CIT (A) in holding that the income accrued to the assessee cannot be taken as income in the year ignoring the amendment provisions of section 43D of the I.T. Act, 1961, which provides certain benefits to the certain class of assessees but does not provide such benefit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hat the issue though has reached finality before this High Court, the Hon ble Apex Court in the case of CIT Davangere V/s The Urban Co-operative Bank Ltd., Shimoga, has kept the question of law open, be that as it may, we do not find any ground to hold differently than as is held by the Coordinate Bench as mentioned herein above. That apart in the light of the amendment brought to Section 43D of t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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