https://www.taxtmi.com/caselaws?id=351037 The High Court upheld the cooperative bank's position, allowing the deduction for provision of bad and doubtful debts under section 36(1)(viia) of the Income Tax Act. The court emphasized following RBI directives for cooperative banks and considering the principle of taxing real income. It clarified the interpretation of the relevant tax provisions and highlighted the importance of adhering to statutory limitations when granting deductions under chapter VIA. en-us Wed, 11 Oct 2017 00:00:00 +0530 Tue, 14 Apr 2026 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351037 The High Court upheld the cooperative bank's position, allowing the deduction for provision of bad and doubtful debts under section 36(1)(viia) of the Income Tax Act. The court emphasized following RBI directives for cooperative banks and considering the principle of taxing real income. It clarified the interpretation of the relevant tax provisions and highlighted the importance of adhering to statutory limitations when granting deductions under chapter VIA. Case-Laws Income Tax Wed, 11 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351037