Provisions on Notional basis & not accrued liability not eligible for deduction

Advocate Akhilesh Kumar Sah Kanaka Mahalakshmi Cooperative Bank case: Provision made on notional basis and not on account of accrued liability not eligible for deduction. Recently, in the Kanaka Mahalakshmi Cooperative Bank Ltd. vs. ACIT & vice-versa [ITA Nos. 299 & 300/VIZ/2017 and ITA Nos. 326 & 327/VIZ/2017, (A.Y.: 2012-13 & 2013-14), decided on 5.9.2018], there were cross appeals by the assessee and the Revenue for the AYs 2012-13 & 2013 & 14. In ITA No. 299/VIZ/2007, one of the ground related to the addition of Rs. 26,10,443/- on account of interest on reverse fun...