https://www.taxtmi.com/caselaws?id=178245 A co-operative bank's claim to deduction under section 36(1)(viia) for 10% of the aggregate average advances of its rural branches depends on satisfying the statutory conditions attached to that allowance. The provision for bad and doubtful debts, read with the banking law definitions of banking company, co-operative bank, scheduled bank and non-scheduled bank, may extend to a co-operative bank, but the rural-branch component is available only where the specific rural branch requirement is met. Applying harmonious construction and binding jurisdictional precedent in the assessee's own case, the claim was restricted under the statute and the issue was decided against the assessee. en-us Fri, 27 Jun 2014 00:00:00 +0530 Mon, 01 Feb 2016 10:22:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178245 A co-operative bank's claim to deduction under section 36(1)(viia) for 10% of the aggregate average advances of its rural branches depends on satisfying the statutory conditions attached to that allowance. The provision for bad and doubtful debts, read with the banking law definitions of banking company, co-operative bank, scheduled bank and non-scheduled bank, may extend to a co-operative bank, but the rural-branch component is available only where the specific rural branch requirement is met. Applying harmonious construction and binding jurisdictional precedent in the assessee's own case, the claim was restricted under the statute and the issue was decided against the assessee. Case-Laws Income Tax Fri, 27 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178245