https://www.taxtmi.com/caselaws?id=243914 Section 36(1)(viia) allows deduction only for eligible banking entities in respect of advances attributable to rural branches, and the definition of "rural branch" must be read with the Banking Regulation Act and the Income-tax Act cross-reference. On that construction, a co-operative bank was treated as a non-scheduled bank for this purpose, but the jurisdictional precedent on the meaning of "place" required the focus to be on the village rather than a municipal ward. Applying that test, the assessee's claim to deduction on the impugned advances failed, and the disallowance was sustained. en-us Fri, 16 Aug 2013 00:00:00 +0530 Fri, 07 Feb 2014 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243914 Section 36(1)(viia) allows deduction only for eligible banking entities in respect of advances attributable to rural branches, and the definition of "rural branch" must be read with the Banking Regulation Act and the Income-tax Act cross-reference. On that construction, a co-operative bank was treated as a non-scheduled bank for this purpose, but the jurisdictional precedent on the meaning of "place" required the focus to be on the village rather than a municipal ward. Applying that test, the assessee's claim to deduction on the impugned advances failed, and the disallowance was sustained. Case-Laws Income Tax Fri, 16 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243914