https://www.taxtmi.com/caselaws?id=464950 Mixed relief was granted on banking deduction claims. Deduction under section 36(1)(viii), section 36(1)(viia), section 14A read with Rule 8D, and recovery from bad debts written off were remanded for fresh verification or recomputation on the relevant factual and computational records. Reversal of unrealised interest on NPAs was held not deductible because accounting or RBI norm reversals cannot override the statutory scheme for bad debts. Provision for wage arrears was allowed as a scientifically estimated liability, bad debts written off for non-rural branches were allowed under section 36(1)(vii), and RBI penalty for KYC-AML deviation was allowed as business expenditure as a compensatory levy. en-us Fri, 24 Jan 2025 00:00:00 +0530 Tue, 25 Nov 2025 20:54:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464950 Mixed relief was granted on banking deduction claims. Deduction under section 36(1)(viii), section 36(1)(viia), section 14A read with Rule 8D, and recovery from bad debts written off were remanded for fresh verification or recomputation on the relevant factual and computational records. Reversal of unrealised interest on NPAs was held not deductible because accounting or RBI norm reversals cannot override the statutory scheme for bad debts. Provision for wage arrears was allowed as a scientifically estimated liability, bad debts written off for non-rural branches were allowed under section 36(1)(vii), and RBI penalty for KYC-AML deviation was allowed as business expenditure as a compensatory levy. Case-Laws Income Tax Fri, 24 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464950