https://www.taxtmi.com/caselaws?id=285112 The Tribunal allowed the appeal, granting the assessee the deduction under Section 36(1)(viia) of the Income-tax Act, 1961, to the extent of 7.5% of the total income. The Tribunal held that the assessee, a Co-operative Bank without rural branches, was entitled to this deduction as long as the provision for bad and doubtful debts was made in the books of account. The decision overturned the disallowance by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals). en-us Tue, 20 Aug 2019 00:00:00 +0530 Thu, 26 Dec 2019 17:52:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285112 The Tribunal allowed the appeal, granting the assessee the deduction under Section 36(1)(viia) of the Income-tax Act, 1961, to the extent of 7.5% of the total income. The Tribunal held that the assessee, a Co-operative Bank without rural branches, was entitled to this deduction as long as the provision for bad and doubtful debts was made in the books of account. The decision overturned the disallowance by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals). Case-Laws Income Tax Tue, 20 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285112