https://www.taxtmi.com/caselaws?id=347349 The Income-tax Appellate Tribunal (ITAT) upheld the Commissioner of Income-tax (Appeals) decision, dismissing the Department's appeal. The ITAT ruled that the deduction under section 36(1)(viia) should be allowed based on a specified percentage of the aggregate average advances made by rural branches, in line with Supreme Court precedents. The ITAT found no merit in the Department's appeal and upheld the full deduction claimed by the assessee under section 36(1)(viia). en-us Fri, 14 Jul 2017 00:00:00 +0530 Sat, 02 Sep 2017 11:18:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347349 The Income-tax Appellate Tribunal (ITAT) upheld the Commissioner of Income-tax (Appeals) decision, dismissing the Department's appeal. The ITAT ruled that the deduction under section 36(1)(viia) should be allowed based on a specified percentage of the aggregate average advances made by rural branches, in line with Supreme Court precedents. The ITAT found no merit in the Department's appeal and upheld the full deduction claimed by the assessee under section 36(1)(viia). Case-Laws Income Tax Fri, 14 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347349