Kerala H.C : Assessee’s claim for deduction of provision for bad debts in terms of section 36(1)(viia) of the Income-tax Act. Here the only question raised is as to basis of classifying Branches of the Bank as Rural Branches and other Branches. Rural Branch is defined under Explanation ( ia) to section 36(1)(viia)

High Court Of Kerala CIT, Cochin vs. Lord Krishna Bank Ltd. Assessment Year : 1994-95 Section : 28(i) C.N. Ramachandran Nair And K. Surendra Mohan, JJ. IT Appeal No. 234 Of 2009 October 7, 2010 JUDGMENT C.N. Ramachandran Nair, J. – The appeal is filed by the Revenue against orders of the Income-tax Appellate Tribunal…

This content is for Annual members only.
Log In Register