https://www.taxtmi.com/caselaws?id=250685 Section 36(1)(viia) permits co-operative banks to claim deductions for provisions for bad and doubtful debts, subject to statutory limits and creation of the provision in their books. The deduction based on total income is limited to 7.5 per cent. For the separate deduction based on aggregate average advances, a co-operative bank is treated as a non-scheduled bank, and its branches qualify only if they meet the statutory definition of a rural branch. Rural status depends on the prescribed population-based definition, not the ordinary meaning of "rural." en-us Thu, 03 Apr 2014 00:00:00 +0530 Tue, 23 Feb 2016 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250685 Section 36(1)(viia) permits co-operative banks to claim deductions for provisions for bad and doubtful debts, subject to statutory limits and creation of the provision in their books. The deduction based on total income is limited to 7.5 per cent. For the separate deduction based on aggregate average advances, a co-operative bank is treated as a non-scheduled bank, and its branches qualify only if they meet the statutory definition of a rural branch. Rural status depends on the prescribed population-based definition, not the ordinary meaning of "rural." Case-Laws Income Tax Thu, 03 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250685