https://www.taxtmi.com/caselaws?id=274906 A bank that continued to be treated as a scheduled bank after amalgamation could still claim deduction under section 36(1)(viia)(a), including the rural-advance linked benefit, because the merger did not break statutory status; the write-off aspect was remitted for limited recomputation on the books. Tax deducted at source expenditure was allowed under section 40(a)(ia) where the tax had been deposited before the due date for filing the return, and the retrospective amendment was applied accordingly. Disallowance under section 14A was sustained because exempt dividend income had been earned and the computation under Rule 8D(2) was applicable. en-us Thu, 29 Mar 2012 00:00:00 +0530 Tue, 25 Apr 2023 13:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274906 A bank that continued to be treated as a scheduled bank after amalgamation could still claim deduction under section 36(1)(viia)(a), including the rural-advance linked benefit, because the merger did not break statutory status; the write-off aspect was remitted for limited recomputation on the books. Tax deducted at source expenditure was allowed under section 40(a)(ia) where the tax had been deposited before the due date for filing the return, and the retrospective amendment was applied accordingly. Disallowance under section 14A was sustained because exempt dividend income had been earned and the computation under Rule 8D(2) was applicable. Case-Laws Income Tax Thu, 29 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274906