Dismissing the appeal, that the issue of entitlement of a co-operative bank to the benefit under the second limb of clause (viia) of section 36(1) without reference to the definition of rural branch in Explanation (ia) under section 36 was no longer res integra. Followed Kannur District Co-operative Bank Ltd. v. CIT [2014] 365 ITR 343 (Ker) (HC)
Ernakulam District Co-Operative Bank Ltd. v CIT (2020) 423 ITR 308 (Ker)(HC)
S. 36(1)(viia) :Bad debt-Provision for bad and doubtful debts – Co-Operative Bank — Deduction for 10 Per Cent. of aggregate advances of Rural Branches – Not allowable .