https://www.taxtmi.com/caselaws?id=244336 Section 115JB was treated as inapplicable to banks for the relevant assessment year, and the Schedule VI profit and loss account requirement could not be enforced for MAT purposes. Bad-debt write-off was remitted for fresh consideration, while the section 36(1)(viia) claim was confined to statutory limits and the actual book provision. Rule 8D under section 14A was held prospective and the disallowance was set aside. Leave encashment was allowed as an accrued liability. Surplus on takeover of a subsidiary bank was taxed as business income, staff welfare fund contribution was disallowed, and UPS depreciation was restricted to the rate applicable to computer hardware. en-us Tue, 19 Mar 2013 00:00:00 +0530 Mon, 24 Feb 2014 05:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244336 Section 115JB was treated as inapplicable to banks for the relevant assessment year, and the Schedule VI profit and loss account requirement could not be enforced for MAT purposes. Bad-debt write-off was remitted for fresh consideration, while the section 36(1)(viia) claim was confined to statutory limits and the actual book provision. Rule 8D under section 14A was held prospective and the disallowance was set aside. Leave encashment was allowed as an accrued liability. Surplus on takeover of a subsidiary bank was taxed as business income, staff welfare fund contribution was disallowed, and UPS depreciation was restricted to the rate applicable to computer hardware. Case-Laws Income Tax Tue, 19 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244336