2017 (9) TMI 1839

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....dent : Shri S.L. Chandel (Addl. CIT) ORDER PER SHRI KUL BHARAT, JM. This appeal by the Assessee is directed against the order of Ld. CIT(A), Ajmer dated 15.10.2015 pertaining to A.Y. 2013-13. The Assessee has raised the solitary ground of appeal :- "1. That the Ld. CIT(A), Ajmer has erred in law and the facts in confirming the additions by way of disallowance of Rs. 1,93,30,00....

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....While partly allowing the appeal Ld. CIT(A) deleted the addition made on account of disallowance on depreciation of Rs. 5,94,756/-. 3. The only ground raised in this appeal is against confirming the additions by way of disallowance of Rs. 1,93,30,000/-. 3.1 Ld. Counsel submitted that the issue is covered by the decision of the Coordinate Bench rendered in the case of M/s Nagaur Urban Co-oper....

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...., I am of the considered view that deduction in respect of the provision made by the appellant for standard assets is not an admissible deduction u/s 36(1)(vii). Therefore, the disallowance made by the AO is hereby confirmed. 3.4 Under the identical facts, the Tribunal had decided the issue in ITA No. 240/Jodh/2013 by observing as under:- "10. After circumspecting the entire records vi....

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....dance with the RBI directions. As is evident from the assessment order, the assessee has indeed created, 'Reserves for NPA'. For claiming benefit under the provisions of Section 36(1)(viia)(a) the condition to be satisfied is; that provision for bad an doubtful debts should have been made by the bank eligible to claim such deduction. Co-operative Banks do not strictly follow the provisions of Bank....