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I.T.A. No.423/Asr/2019 Assessment Years: 2016-17 At page 2 of the said letter, in clause I (v) under the head "Lendable Resource" (LR) shall be computed as the sum of share capital, reserves including provisions and excluding the balance under Agricultural Credit Stabilization Fund (ACSF). deposits.........................and advances. Thus as per the said letter, It is clear that the said fund is not a reserve of the assessee bank, nor the same is a provision, but is simply a deposit of the state government with the Bank, and the Bank pays simple interest on this deposit to the tune of 3% only, such as on saving bank accounts, which also gets added to the funds of the government. As such the action of the Worthy CIT(A) Jal-1, in confirming the action of Id. ACIT in disallowing the interest paid by the assessee/appellant is against law & facts of the case." 6.3 As per counsel the plan in the said ACSF is not at all corpus of the bank as the same is not part of the capital fund and not a part of "Lendable Resource". For calculation of "Lendable Resource", the agricultural 'ACSF' was excluded. 6.4. Wethoughtfulobservethe details& we find that the objects of the fund as stated in the Scheme are as under: --