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2020 (3) TMI 687 - AT - Income TaxAddition u/s 36(1)(viia) in respect of provision for bad and doubtful debts - HELD THAT:- As relying on BHAGINI NIVEDITA SAHAKARI BANK LTD., LOKMANGAL CO-OPERATIVE BANK LTD.[2018 (12) TMI 322 - ITAT PUNE] It is clear that the assessee without rural branches / advances, is entitled to deduction u/s 36(1)(viia) of the Act. Accordingly, we are of the opinion, that the grounds 1 and 2 raised by the assessee are allowable. Disallowance on account of advertisement expenses - HELD THAT:- Expenditure incurred on the birthday / victory day celebration qua the erection of Flexies of the politicians, is not an allowable expenditure u/s 37 of the Act. In our considered opinion, the orders of the Assessing Officer / CIT(A) are fair and reasonable. They do not call for any interference. Accordingly, ground 3 of the assessee is dismissed. Disallowance u/s 14A of the Act read with Rule 8D - HELD THAT:- As relying on the binding judgment of Hon‟ble Bombay High Court in CIT Vs. Reliance Utilities and Power Ltd. [2009 (1) TMI 4 - BOMBAY HIGH COURT] we are of the opinion that ld. Counsel demonstrated the disallowance made by the Assessing Officer is uncalled for under Rule 8D(2)(ii) of the Rules.
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