https://www.taxtmi.com/caselaws?id=24817 The High Court upheld the Tribunal's decision to allow the deduction of Rs. 16,36,398 representing various provisions in the computation of income for the assessment year 1971-72. The judgment emphasized the bank's compliance with the Reserve Bank's directions and the satisfaction of incurred liabilities, leading to the allowance of the claimed deduction. The application was dismissed, and the rule discharged with no order as to costs. en-us Tue, 19 Jul 1988 00:00:00 +0530 Fri, 22 Jan 2010 15:51:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24817 The High Court upheld the Tribunal's decision to allow the deduction of Rs. 16,36,398 representing various provisions in the computation of income for the assessment year 1971-72. The judgment emphasized the bank's compliance with the Reserve Bank's directions and the satisfaction of incurred liabilities, leading to the allowance of the claimed deduction. The application was dismissed, and the rule discharged with no order as to costs. Case-Laws Income Tax Tue, 19 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24817