https://www.taxtmi.com/caselaws?id=302258 For section 36(1)(viia), the expression "rural branch" is construed by reference to the branch's location in a village or rural area, not merely a ward or service area, and a co-operative bank is treated as a non-scheduled bank for this purpose. The note also states that a fresh provision for bad and doubtful debts created during the year is not automatically netted off against an earlier provision written back, because the two are separate accounting events. Where the same asset's opening provision is fully reversed and replaced by an enhanced provision, only the net accretion requires verification at assessment stage. en-us Fri, 23 Mar 2012 00:00:00 +0530 Thu, 12 May 2022 12:37:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302258 For section 36(1)(viia), the expression "rural branch" is construed by reference to the branch's location in a village or rural area, not merely a ward or service area, and a co-operative bank is treated as a non-scheduled bank for this purpose. The note also states that a fresh provision for bad and doubtful debts created during the year is not automatically netted off against an earlier provision written back, because the two are separate accounting events. Where the same asset's opening provision is fully reversed and replaced by an enhanced provision, only the net accretion requires verification at assessment stage. Case-Laws Income Tax Fri, 23 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302258