https://www.taxtmi.com/caselaws?id=467212 Deduction under section 36(1)(viia) must be computed by applying the 10% rate to the aggregate average advances of rural branches calculated under Rule 6ABA, not on a single month's advances; Rule 6ABA requires aggregating month end outstanding advances for each month of the previous year and averaging them, and CBDT Instruction No.17/2008 confirms that computation method. The Tribunal found the assessee's month end averaging aligned with the rule and instruction and rejected the Revenue's contrary monthly advances approach, resulting in the assessee's computation being upheld. en-us Wed, 11 Oct 2017 00:00:00 +0530 Tue, 10 Mar 2026 23:34:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467212 Deduction under section 36(1)(viia) must be computed by applying the 10% rate to the aggregate average advances of rural branches calculated under Rule 6ABA, not on a single month's advances; Rule 6ABA requires aggregating month end outstanding advances for each month of the previous year and averaging them, and CBDT Instruction No.17/2008 confirms that computation method. The Tribunal found the assessee's month end averaging aligned with the rule and instruction and rejected the Revenue's contrary monthly advances approach, resulting in the assessee's computation being upheld. Case-Laws Income Tax Wed, 11 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467212