https://www.taxtmi.com/caselaws?id=234632 The Tribunal partially allowed the appellant's appeal, granting the deduction under section 36(1)(viia) for provisions for bad and doubtful debts. However, the deductions for provision for leave salary and provision against standard assets were dismissed. The Tribunal held that while the appellant, a Co-operative Bank, was eligible for the deduction for bad and doubtful debts, provisions for leave salary and standard assets were not allowable deductions under the Income-tax Act, in accordance with established legal principles and precedents. en-us Mon, 03 Jun 2013 00:00:00 +0530 Thu, 20 Jun 2013 11:24:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234632 The Tribunal partially allowed the appellant's appeal, granting the deduction under section 36(1)(viia) for provisions for bad and doubtful debts. However, the deductions for provision for leave salary and provision against standard assets were dismissed. The Tribunal held that while the appellant, a Co-operative Bank, was eligible for the deduction for bad and doubtful debts, provisions for leave salary and standard assets were not allowable deductions under the Income-tax Act, in accordance with established legal principles and precedents. Case-Laws Income Tax Mon, 03 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234632