https://www.taxtmi.com/caselaws?id=260109 The Tribunal upheld the CIT(A)'s decision, confirming the disallowance of Rs. 11,51,111 under section 36(1)(viii) of the Income-tax Act. The assessee, a Co-operative Bank, failed to create a special reserve in its books of account for the relevant financial year, leading to the disallowance. The request to create the reserve post-facto was rejected, emphasizing the requirement to create the reserve before claiming the deduction. The appeal was dismissed, and the disallowance was upheld. en-us Wed, 29 Apr 2015 00:00:00 +0530 Tue, 02 Jun 2015 07:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260109 The Tribunal upheld the CIT(A)'s decision, confirming the disallowance of Rs. 11,51,111 under section 36(1)(viii) of the Income-tax Act. The assessee, a Co-operative Bank, failed to create a special reserve in its books of account for the relevant financial year, leading to the disallowance. The request to create the reserve post-facto was rejected, emphasizing the requirement to create the reserve before claiming the deduction. The appeal was dismissed, and the disallowance was upheld. Case-Laws Income Tax Wed, 29 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260109