https://www.taxtmi.com/caselaws?id=282990 The article examines several tax issues affecting a scheduled bank, including the scope of deduction for bad and doubtful debts under section 36(1)(viia), alternate relief under section 36(1)(vii), treaty relief under section 90, depreciation on goodwill, UPS and ATMs, recovery of earlier bad debts from rural branches, disallowance under section 14A where securities are treated as stock-in-trade, and the treatment of leave encashment and section 115JB adjustments. It explains that deductions and depreciation depend on the specific statutory conditions and the factual character of the expenditure or asset, while bad-debt recovery is taxable only where the related write-off was previously allowed. Several matters were sustained, some were remitted for fresh examination, and ATM depreciation was allowed at the computer rate. en-us Thu, 28 Feb 2019 00:00:00 +0530 Mon, 02 Sep 2019 17:42:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282990 The article examines several tax issues affecting a scheduled bank, including the scope of deduction for bad and doubtful debts under section 36(1)(viia), alternate relief under section 36(1)(vii), treaty relief under section 90, depreciation on goodwill, UPS and ATMs, recovery of earlier bad debts from rural branches, disallowance under section 14A where securities are treated as stock-in-trade, and the treatment of leave encashment and section 115JB adjustments. It explains that deductions and depreciation depend on the specific statutory conditions and the factual character of the expenditure or asset, while bad-debt recovery is taxable only where the related write-off was previously allowed. Several matters were sustained, some were remitted for fresh examination, and ATM depreciation was allowed at the computer rate. Case-Laws Income Tax Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282990