https://www.taxtmi.com/caselaws?id=413995 The Income Tax Appellate Tribunal (ITAT) allowed the appeal for statistical purposes, directing the Assessing Officer (AO) to re-examine the claim of the Regional Rural Bank for deduction under section 36(1)(viia) of the Income Tax Act. The ITAT emphasized the broad powers of appellate authorities to consider new claims and ensure accurate taxation, instructing the AO to grant relief in accordance with the law. The order was issued on October 1, 2021, following a virtual court hearing. en-us Fri, 01 Oct 2021 00:00:00 +0530 Tue, 26 Oct 2021 09:00:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413995 The Income Tax Appellate Tribunal (ITAT) allowed the appeal for statistical purposes, directing the Assessing Officer (AO) to re-examine the claim of the Regional Rural Bank for deduction under section 36(1)(viia) of the Income Tax Act. The ITAT emphasized the broad powers of appellate authorities to consider new claims and ensure accurate taxation, instructing the AO to grant relief in accordance with the law. The order was issued on October 1, 2021, following a virtual court hearing. Case-Laws Income Tax Fri, 01 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413995