https://www.taxtmi.com/caselaws?id=762845 ITAT Mumbai dismissed revenue's appeal regarding deduction under section 36(1)(viia) for rural branches. The assessee bank claimed deduction for branches in villages with population below 10,000 using 2001 Census village-wise data. AO incorrectly rejected rural branch status for five branches by relying on district-wise 2011 Census data instead of village-wise data. Since 2011 Census lacked village-wise population data, assessee's reliance on final 2001 Census data was appropriate for determining eligibility. The appellate order correctly allowed the deduction. en-us Thu, 05 Dec 2024 00:00:00 +0530 Sat, 07 Dec 2024 13:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762845 ITAT Mumbai dismissed revenue's appeal regarding deduction under section 36(1)(viia) for rural branches. The assessee bank claimed deduction for branches in villages with population below 10,000 using 2001 Census village-wise data. AO incorrectly rejected rural branch status for five branches by relying on district-wise 2011 Census data instead of village-wise data. Since 2011 Census lacked village-wise population data, assessee's reliance on final 2001 Census data was appropriate for determining eligibility. The appellate order correctly allowed the deduction. Case-Laws Income Tax Thu, 05 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762845