IT : Where rural branches of co-operative bank did not satisfy definition of rural branch given under section 36(1)(viia), advances made by such rural branches would not qualify for deduction as bad debt

IT : Where rural branches of co-operative bank did not satisfy definition of rural branch given under section 36(1)(viia), advances made by such rural branches would not qualify for deduction as bad debt

IT : Only net accretion to provisions account of bad and doubtful debt made

during relevant year would qualify deductor under section 36(1)(viia)

[2013] 38 taxmann.com 410 (Cochin - Trib.)

IN THE ITAT COCHIN BENCH

Trichur District Co-operative Bank Ltd.

v.

Assistant Commissioner of Income-tax*