Doubtful debts - Deduction u/s 36(1)(viia) in respect of rural ...

Dispute Over "Place" Definition in Section 36(1)(viia) for Rural Branch Deductions in Income Tax Act.

May 8, 2020

Case Laws Income Tax AT

Doubtful debts - Deduction u/s 36(1)(viia) in respect of rural branches based on population of ward - "place" referred to in the above definition clause is the ward of a panchayat or municipality, the AO took the view that "place" contained in the definition clause should mean a revenue village. No doubt, "place" as such is not defined in the definition clauses and so much so, we have to find out the scope and meaning of "place" referred to in the section.

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Doubtful debts - Deduction u/s 36(1)(viia) in respect of rural ...

Dispute Over "Place" Definition in Section 36(1)(viia) for Rural Branch Deductions in Income Tax Act.

May 8, 2020

Case Laws Income Tax AT

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