2018 (4) TMI 523

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..... dvocate for the respondent ORDER P. C. 1. This Appeal under Section 260-A of the Income Tax Act, 1961 (the Act), challenges the order dated 12th November, 2014 passed by the Income Tax Appellate Tribunal (the Tribunal). The impugned order dated 12th November, 2014 is in respect of Assessment Year 2010-11. 2 Revenue urges the following question of law, for our consideration: "(1) Whether on t .....

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..... .C. in the case of Catholic Syrian Bank Ltd. (343 ITR 270) has held that deduction under Section 36(1)(viia) is allowable only to the extent of provision made in respect of bad and doubtful debts relating to advances made by its rural branches and 36(1)(viia) applies only to rural advances ?" 3. REGARDING QUESTION NO.1 (a) It is an agreed position between the parties that, this issue stands con .....

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..... Commissioner of Income-Tax (Appeals) was not justified in holding that, the assessee can before the assessment is completed, withdraw the letter dated 13th August, 2012. (b). The impugned order rejected the Revenue's grievance by holding that, withdrawing the claim under Section 36(1)(viia) of the Act and making an additional claim of bad debt under Section 36(vii) of the Act by letter dated .....

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