https://www.taxtmi.com/caselaws?id=289371 The judgment confirmed that Co-operative Banks could avail benefits under the second limb of Section 36(1)(viia) without reference to the definition of rural branch. It referenced previous decisions and clarified that Co-operative Banks meeting specific criteria could claim deductions for bad and doubtful debts, similar to scheduled and non-scheduled banks. The Court upheld the decision in Kannur District Co-operative Bank, ruling in favor of the revenue and rejecting the appeal, based on established legal interpretations and precedents. en-us Mon, 04 Jun 2018 00:00:00 +0530 Wed, 29 Jul 2020 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289371 The judgment confirmed that Co-operative Banks could avail benefits under the second limb of Section 36(1)(viia) without reference to the definition of rural branch. It referenced previous decisions and clarified that Co-operative Banks meeting specific criteria could claim deductions for bad and doubtful debts, similar to scheduled and non-scheduled banks. The Court upheld the decision in Kannur District Co-operative Bank, ruling in favor of the revenue and rejecting the appeal, based on established legal interpretations and precedents. Case-Laws Income Tax Mon, 04 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289371