{"id":12792,"date":"2020-10-09T12:13:23","date_gmt":"2020-10-09T12:13:23","guid":{"rendered":"https:\/\/itatonline.org\/digest\/jcit-v-karnataka-vikas-grameena-bank-2020-181-itd-672-79-itr-207-bang-trib\/"},"modified":"2020-10-09T12:13:23","modified_gmt":"2020-10-09T12:13:23","slug":"jcit-v-karnataka-vikas-grameena-bank-2020-181-itd-672-79-itr-207-bang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/jcit-v-karnataka-vikas-grameena-bank-2020-181-itd-672-79-itr-207-bang-trib\/","title":{"rendered":"JCIT v. Karnataka Vikas Grameena Bank. (2020) 181 ITD 672 \/ 79 ITR 207 (Bang) (Trib.)"},"content":{"rendered":"<div>\n<p>Assessee was a rural regional bank engaged in business of banking\u00a0 which claimed deduction on account of provision for bad and doubtful debts under S. 36(1)(viia) of the Act. The AO rejected assessee&#8217;s claim on ground that assessee did not debit its profit and loss account any sum towards &#8216;provision for bad and doubtful debts&#8217;. CIT (A) allowed the claim . On appeal by revenue following the order of appellate Tribunal for earlier year\u00a0 , disallowance made by the AO is affirmed . (AY. 2012 -13, 2013 -14)<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(viia) :Bad debt-Provision for bad and doubtful debts &#8211; Schedule bank -Not debited to profit and loss account \u2013 Rejection of claim is held to be justified .<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-12792","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3kk","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=12792"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12792\/revisions"}],"predecessor-version":[{"id":12793,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12792\/revisions\/12793"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=12792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=12792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=12792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}