https://www.taxtmi.com/caselaws?id=326639 The Tribunal upheld the Commissioner of Income Tax's order, confirming that the deduction under Section 36(1)(viia) should be limited to rural debts only, in line with the Supreme Court's decision in the Catholic Syrian Bank case. The Tribunal dismissed the assessee's appeals, supporting the Commissioner's use of revisionary powers under Section 263, deeming the Assessing Officer's order erroneous and against the Revenue's interests. en-us Tue, 23 Feb 2016 00:00:00 +0530 Fri, 15 Apr 2016 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326639 The Tribunal upheld the Commissioner of Income Tax's order, confirming that the deduction under Section 36(1)(viia) should be limited to rural debts only, in line with the Supreme Court's decision in the Catholic Syrian Bank case. The Tribunal dismissed the assessee's appeals, supporting the Commissioner's use of revisionary powers under Section 263, deeming the Assessing Officer's order erroneous and against the Revenue's interests. Case-Laws Income Tax Tue, 23 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326639