https://www.taxtmi.com/caselaws?id=289360 The case revolved around the interpretation of the term "rural branch" for deduction under section 36(1)(viia) of the Act. The dispute arose from differing interpretations of whether "place" referred to the Ward or the Grama Panchayat. The assessing officer and the Ld. CIT(A) relied on a High Court judgment defining "place" as the Grama Panchayat, leading to the rejection of the deduction claim as all branches were in areas with populations exceeding 10,000. The ITAT Cochin upheld this decision, citing the binding nature of the High Court judgment, resulting in the dismissal of the appeals. en-us Fri, 28 Mar 2014 00:00:00 +0530 Tue, 28 Jul 2020 10:11:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289360 The case revolved around the interpretation of the term "rural branch" for deduction under section 36(1)(viia) of the Act. The dispute arose from differing interpretations of whether "place" referred to the Ward or the Grama Panchayat. The assessing officer and the Ld. CIT(A) relied on a High Court judgment defining "place" as the Grama Panchayat, leading to the rejection of the deduction claim as all branches were in areas with populations exceeding 10,000. The ITAT Cochin upheld this decision, citing the binding nature of the High Court judgment, resulting in the dismissal of the appeals. Case-Laws Income Tax Fri, 28 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289360