https://www.taxtmi.com/caselaws?id=60825 The Tribunal overturned the decision to add Rs. 30,000 as a provision for bad and doubtful debts to the taxable income of a banking co-operative society for the assessment year 1979-80. It held that the provision was directly linked to the exempt income under section 80P(2)(a)(i) of the Income-tax Act, emphasizing the connection to the banking activities generating exempt income. The Tribunal ruled that the provision should not be included in taxable receipts, leading to the deletion of the amount from the taxable income and allowing the appeal. en-us Mon, 12 Mar 1984 00:00:00 +0530 Sat, 08 Jan 2011 12:11:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60825 The Tribunal overturned the decision to add Rs. 30,000 as a provision for bad and doubtful debts to the taxable income of a banking co-operative society for the assessment year 1979-80. It held that the provision was directly linked to the exempt income under section 80P(2)(a)(i) of the Income-tax Act, emphasizing the connection to the banking activities generating exempt income. The Tribunal ruled that the provision should not be included in taxable receipts, leading to the deletion of the amount from the taxable income and allowing the appeal. Case-Laws Income Tax Mon, 12 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60825