Sec. 41 of Income Tax Act, 1961—Business Disallowance— Assessee was a bank, the sums were stated to be a credit balance standing in favour of customers of the company. Since these balances were not claimed by the customers, ITO added the amount as income of the assessee for the purpose of income tax assessment. The additions were deleted by the CIT(A) and this was upheld by the tribunal and rightly deleted the addition added by the assessing authority. Revenue filed an appeal against the order passed by the ITAT for the assessment year 2001-02 holding in favour of assessee  that the amount of stale Demand Drafts not claimed by customers and which had become barred by limitation cannot be treated as income of the Respondent Assessee Bank. The court did not find any reason to take a different view of the matter and in view of the aforesaid, court do not find any substantial question of law arising in the present case. Therefore, accordingly the question of law framed in the appeal was answered against the Revenue and in favour of the Assessee. --- CIT vs. CITY UNION BANK LIMITED. [2020] 23 ITCD Online 78 (MAD)