https://www.taxtmi.com/caselaws?id=456916 Deduction for provisions for bad and doubtful debts under section 36(1)(viia) is discussed as extending to a co-operative bank's provision relating to standard assets, subject to the statutory ceiling based on total income and rural branch advances. Medical reimbursement under employee arrangements, tea allowance as office expenditure, and provident fund shortfall as a statutory employer obligation are treated as potentially allowable business deductions. Connectivity charges require verification of their nature and supporting records where tax withholding is disputed. Interest arising on redemption of securities also requires adequate explanation and evidence before its tax treatment is determined. Incomplete factual material warrants fresh examination rather than a final determination. en-us Fri, 14 Jul 2023 00:00:00 +0530 Sat, 24 Aug 2024 17:00:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456916 Deduction for provisions for bad and doubtful debts under section 36(1)(viia) is discussed as extending to a co-operative bank's provision relating to standard assets, subject to the statutory ceiling based on total income and rural branch advances. Medical reimbursement under employee arrangements, tea allowance as office expenditure, and provident fund shortfall as a statutory employer obligation are treated as potentially allowable business deductions. Connectivity charges require verification of their nature and supporting records where tax withholding is disputed. Interest arising on redemption of securities also requires adequate explanation and evidence before its tax treatment is determined. Incomplete factual material warrants fresh examination rather than a final determination. Case-Laws Income Tax Fri, 14 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456916