ITAT Pune — Direct Tax

1. ITAT Pune · 21 Oct 2014
   Grant given to safeguard the interests of depositors, though used for meeting SLR requirements of RBI relatable to its banking activity, is still capital in nature

   The Nanded District Central Co-op. Bank Ltd. vs. DCIT

   (2014) TaxCorp(LJ) 4286 (ITAT-PUNE)

2. ITAT Pune · 08 Oct 2014
   Interest on NPAs, even if credited to the Profit & loss account, is not chargeable to tax

   The Solapur District Central Co-op. Bank Ltd. vs. ACIT

   (2014) TaxCorp(LJ) 4230 (ITAT-PUNE)

3. ITAT Pune · 17 Sep 2014
   Change of method of accounting to value the stock of its investments / securities at lower of cost or market value is valid.

   ACIT vs. Bank of Maharashtra

   (2014) TaxCorp(LJ) 4215 (ITAT-PUNE) · Sections. 145, 28

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