https://www.taxtmi.com/caselaws?id=459544 The ITAT upheld the CIT(A)'s decision, allowing the cooperative bank's deduction claim under section 36(1)(vii)(a) of the IT Act. The Tribunal determined that the bank, recognized by the RBI as a non-scheduled bank, met the criteria for the deduction, dismissing the Revenue's appeal and affirming the cooperative bank's treatment for tax purposes. en-us Thu, 25 Feb 2016 00:00:00 +0530 Wed, 18 Dec 2024 10:53:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459544 The ITAT upheld the CIT(A)'s decision, allowing the cooperative bank's deduction claim under section 36(1)(vii)(a) of the IT Act. The Tribunal determined that the bank, recognized by the RBI as a non-scheduled bank, met the criteria for the deduction, dismissing the Revenue's appeal and affirming the cooperative bank's treatment for tax purposes. Case-Laws Income Tax Thu, 25 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459544