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2019 (3) TMI 1654 - AT - Income TaxDisallowance of deduction u/s 36(1)(viia) - provision for bad and doubtful debts - HELD THAT:- In the case, the assessee is a rural cooperative bank and entitled for deduction under section 36(1)(viia) in respect of provision for bad and doubtful debt. The said provision has specified the limit of deduction which could be allowed to the eligible assessee. Under the provisions, the deduction in respect of any provision for bad and doubtful debts made by the cooperative bank, of an amount not exceeding seven and one half percentile (7½%) of the total income and an amount not exceeding 10% of the aggregate average advances made by the rural branches of such bank computed in the prescribed manner. Issue as decided in own case in the favour of assessee as relying on THE LITTLE KANCHEEPURAM CO OPERATIVE URBAN BANK LTD. [2013 (3) TMI 787 - ITAT CHENNAI]
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