https://www.taxtmi.com/caselaws?id=335701 A regional rural bank was treated as a co-operative society for the purpose of section 80P(2)(a)(i), so the exclusion in section 80P(4) for co-operative banks did not bar the deduction. The Tribunal also noted that additional claims for floating provision for NPA, loss on redemption of securities and bad debts written off can be examined even if not originally claimed in the return, provided their admissibility and genuineness are verified. The principle applied was that lawful relief should not be denied merely because it was omitted from the return. en-us Wed, 30 Nov 2016 00:00:00 +0530 Wed, 07 Dec 2016 18:31:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335701 A regional rural bank was treated as a co-operative society for the purpose of section 80P(2)(a)(i), so the exclusion in section 80P(4) for co-operative banks did not bar the deduction. The Tribunal also noted that additional claims for floating provision for NPA, loss on redemption of securities and bad debts written off can be examined even if not originally claimed in the return, provided their admissibility and genuineness are verified. The principle applied was that lawful relief should not be denied merely because it was omitted from the return. Case-Laws Income Tax Wed, 30 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335701