{"id":3959,"date":"2019-02-11T11:53:42","date_gmt":"2019-02-11T11:53:42","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-solapur-district-central-co-op-bank-ltd-bom-hc-ur\/"},"modified":"2021-03-01T20:10:35","modified_gmt":"2021-03-01T14:40:35","slug":"pcit-v-solapur-district-central-co-op-bank-ltd-bom-hc-ur","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-solapur-district-central-co-op-bank-ltd-bom-hc-ur\/","title":{"rendered":"PCIT v. Solapur District Central Co -Op. Bank Ltd.( 2019) 261 Taxman 476   (2020) 428 ITR 306  (Bom.)(HC)\/PCIT v.  Laxmi Co-Operative Bank Ltd. ( 2019) 261 Taxman 476 \/  (2020) 428 ITR 306 (Bom)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that Amount transferred to overdue interest Reserve (OIR) by debiting the interest received in profit and loss account \u00a0in respect of non-performing assets (NPA) cannot be assessed on accrual basis. (ITA No. 1000 of 2016 dt 29-1-2019, 1003 of 2016, 1016 of 2016 dt. 29 -1-2019) ( Arising\u00a0 from ITA No. 1295 \/2013 dt 30-12-2014. AY. 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 43D : Public financial institutions-Co-Operative Bank\u2013Non performing assets (NPA)-Accrual of interest income-  Provision is applicable to Co -Operative Societies\u2013Amount transferred to overdue interest Reserve (OIR) by debiting the interest received in profit and loss account, cannot be assessed on accrual basis. [S. 145]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3959","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-11R","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=3959"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3959\/revisions"}],"predecessor-version":[{"id":15319,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3959\/revisions\/15319"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}