https://www.taxtmi.com/caselaws?id=258846 ITAT upheld the assessee on major heads: allowed deduction for provisions for bad and doubtful rural advances under s.36(1)(viia)(a) and rejected revenue's additional grounds; sustained deletion of disallowance for bad debts of non-rural branches; accepted trading loss on investments, stamp duty on bonds as revenue expenditure, allowance for credit-card reward-point provision, held s.115JB not applicable to the bank, and upheld accrual-basis treatment for interest on securities. The Tribunal remanded the s.14A issue to AO for fresh consideration. It reversed the CIT(A) on s.35D/share-issue expenditure (against assessee). The Tribunal restored a disallowance of Rs.2,07,83,45,338 in favour of revenue. en-us Wed, 19 Jun 2013 00:00:00 +0530 Mon, 15 Sep 2025 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258846 ITAT upheld the assessee on major heads: allowed deduction for provisions for bad and doubtful rural advances under s.36(1)(viia)(a) and rejected revenue's additional grounds; sustained deletion of disallowance for bad debts of non-rural branches; accepted trading loss on investments, stamp duty on bonds as revenue expenditure, allowance for credit-card reward-point provision, held s.115JB not applicable to the bank, and upheld accrual-basis treatment for interest on securities. The Tribunal remanded the s.14A issue to AO for fresh consideration. It reversed the CIT(A) on s.35D/share-issue expenditure (against assessee). The Tribunal restored a disallowance of Rs.2,07,83,45,338 in favour of revenue. Case-Laws Income Tax Wed, 19 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258846