Dismissing the appeal of the revenue the Court held that the AO passed the order allowing the interest on NPAs after due consideration of the submission. Revision is held to be not justified. (Arising from ITA No. 1955/PN/2014 dt. 20-05-2016) (ITA No. 683 of 2017 dt. 26-08-2019 (AY. 2010-11).
Janalaxmi Co-Operative Bank Ltd. v. PCIT (2019) BCAJ-December-P. 40 (Bom.)(HC)
S. 263 : Commissioner-Revision of orders prejudicial to revenue– Interest on NPA-AO passed the order after due consideration of the submission-Revision is held to be not justified.[S. 145]