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2018 (5) TMI 1934 - AT - Income TaxConversion of the case from Limited Scrutiny to Complete Scrutiny - no additions have been made regarding the ‘Limited Scrutiny’ through CASS - HELD THAT:- As taken into consideration the written submission of the assessee but we did not find it controverting the decision of ld. CIT(A) on the issue of converting the case of the assessee from ‘’limited scrutiny’’ to ‘’complete scrutiny’’. It is noted that the ld. CIT(A) has explicitly dealt with the issue in his order which does not require any interference. Hence, the Ground No. 1 of the assessee is dismissed. Disallowance of provision for Bad and Doubtful debts - HELD THAT:- Provision for bad doubtful debts made are as per RBI guidelines which includes standard assets. The deduction claimed is in conformity with the CBDT Instruction No. 17/2008 dated 26-11-2008 (supra). Issue of disallowance for standard asset is restored to the file of the AO to verify as to whether the provision for standard assets has been made as per guidelines of the RBI. If the assessee has complied with the provision as per RBI Guidelines, the relief may be given to the assessee by providing adequate opportunity of being heard to the assessee. Thus Ground No. 2 (I) of the assessee is allowed for Statistical purposes. Disallowance of insurance premium paid to LIC and others towards leave encashment liability - HELD THAT:- Assessee drew our attention to the decision of ITAT Jaipur Bench in the case Jhalawar Kendriya Sahakari Bank Ltd vs ACIT [2014 (8) TMI 1127 - ITAT JAIPUR] wherein the Bench has allowed the benefit of Group leave encashment Scheme to the Bank - AR of the assessee further submitted that the assessee has discharged its liability towards leave encashment scheme, the same is therefore, allowable as expenditure u/s 37(1) of the Act. Taking into consideration the above facts and circumstances of the case and the decisions relied upon by the ld.AR of the assessee, it will be in the interest of equity and justice to restore the issue to the file of the AO for afresh adjudication. The assessee is directed to submit the written submission alongwith relevant details before the AO. Thus Ground No. 2(ii) of the assessee is allowed for Statistical purposes.
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