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UCO BANK versus COMMISSIONER OF INCOME-TAX

The method of calculating the increase in income was not taken into account for profit and loss on the banks financial institutions sticky advances, but rather the income treatment according to Section 45 Section Section of the concept of income treatment in separate suspense account accounting practice. To determine. CBDT has allowed such interest to be exempt from income for up to three years so after that, interest will be included as income only when in fact the Indian Indian Income Tax Act, 61 119: And received 555 [Kerala Financial Corporation v CIT (1994) 210 ITR 179 (SC) rejected; CIT v UCO Bank i93) 201 ITR 162; CIT v Tamil Nadu Industrial Investment Corporation i) No. 1) (1996) 218 ITR 616 and CIT v. Tamil Nadu Industrial Investment Corporation Limited (No. 2) (1996) 218 1TR 620 Reversed advocate from Morgah lawyer