ITAT directs readjudication on interest in respect of loans which have become Non-Performing Assets [Read Order]

ITAT - ITAT Bangalore - Non performing assets - ITAT directs readjudication on interest - Interest - Loans - TAXSCAN

The Income Tax Appellate Tribunal ( ITAT ), Bangalore bench directed readjudication on interest in respect of loans which have become Non Performing Assets. The assessee, Belur Urban Co-operative Bank Ltd.is a co-operative society registered under the Karnataka Co-operative Societies Act, 1959.After filing the return of income the assessee case was selected for scrutiny ….

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