https://www.taxtmi.com/caselaws?id=272514 The Tribunal allowed the assessee's appeal, granting additional deductions for provisions under section 36(1)(vii)(a) of the Income Tax Act, including 10% of average advances by a rural branch. The Tribunal emphasized the need for a fresh assessment by the Assessing Officer to determine the nature of the provisions and their eligibility for deduction. The case was remitted back to the Assessing Officer for reevaluation in accordance with the law. Both the Revenue's appeal and the assessee's Cross Objections were allowed for statistical purposes. en-us Thu, 21 Mar 2013 00:00:00 +0530 Fri, 11 Oct 2019 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272514 The Tribunal allowed the assessee's appeal, granting additional deductions for provisions under section 36(1)(vii)(a) of the Income Tax Act, including 10% of average advances by a rural branch. The Tribunal emphasized the need for a fresh assessment by the Assessing Officer to determine the nature of the provisions and their eligibility for deduction. The case was remitted back to the Assessing Officer for reevaluation in accordance with the law. Both the Revenue's appeal and the assessee's Cross Objections were allowed for statistical purposes. Case-Laws Income Tax Thu, 21 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272514