https://www.taxtmi.com/caselaws?id=176939 Sections 36(1)(vii) and 36(1)(viia) were treated as operating in distinct fields, with the proviso to section 36(1)(vii) preventing double deduction in the rural-branch area covered by section 36(1)(viia); bad debt computation was remitted for fresh verification. Deduction under section 36(1)(viia) was confined to the provision actually made in the books, while provision for leave encashment was treated as an ascertained liability and allowed. Disallowance under section 14A was sustained under Rule 8D. UPS depreciation was linked to computer-hardware rate. Other revenue issues, including staff welfare fund, revaluation items, leave travel allowance, debenture redemption reserve, double taxation relief, section 115JB, and depreciation on assets taken over, were dealt with partly in favour of each side, with one matter remitted. en-us Tue, 02 Apr 2013 00:00:00 +0530 Wed, 24 May 2017 13:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176939 Sections 36(1)(vii) and 36(1)(viia) were treated as operating in distinct fields, with the proviso to section 36(1)(vii) preventing double deduction in the rural-branch area covered by section 36(1)(viia); bad debt computation was remitted for fresh verification. Deduction under section 36(1)(viia) was confined to the provision actually made in the books, while provision for leave encashment was treated as an ascertained liability and allowed. Disallowance under section 14A was sustained under Rule 8D. UPS depreciation was linked to computer-hardware rate. Other revenue issues, including staff welfare fund, revaluation items, leave travel allowance, debenture redemption reserve, double taxation relief, section 115JB, and depreciation on assets taken over, were dealt with partly in favour of each side, with one matter remitted. Case-Laws Income Tax Tue, 02 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176939