{"id":29399,"date":"2022-09-05T18:15:50","date_gmt":"2022-09-05T12:45:50","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-south-indian-bank-ltd-no-1-2022445-itr-480-ker-hc-cit-v-south-indian-bank-ltd-no-2-2022445-itr-530-ker-hc\/"},"modified":"2023-02-04T13:40:50","modified_gmt":"2023-02-04T08:10:50","slug":"cit-v-south-indian-bank-ltd-no-1-2022445-itr-480-ker-hc-cit-v-south-indian-bank-ltd-no-2-2022445-itr-530-ker-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-south-indian-bank-ltd-no-1-2022445-itr-480-ker-hc-cit-v-south-indian-bank-ltd-no-2-2022445-itr-530-ker-hc\/","title":{"rendered":"CIT v. South Indian Bank Ltd. (No.1) (2022)445 ITR 480 (Ker.)(HC) CIT v. South Indian Bank Ltd. (No.2) (2022)445 ITR 530 \/ 289 Taxman 643 (Ker.)(HC)"},"content":{"rendered":"<p>Held that the claim of bad debts and bad and doubtful debts was an allowable deduction. Court also held that the Tribunal was correct in affirming the order of the Commissioner (Appeals) allowing the claim of provision created under section 36(1)(viia) in respect of advances made by 32 branches which were found to be not \u201crural branches\u201d by the Assessing Officer. The matter was remitted to the Assessing Officer for a decision in accordance with law. (AY.2003-04)( AY. 2004 -05)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(viia) : Bad debt-Provision for bad and doubtful debts-Schedule bank-Entitled to benefit of  write off  of  irrecoverable debts  under section 36(1)(vii) in addition to deduction of  provision for bad and doubtful debts-Rural Branch-Matter remitted to Assessing Officer. [S. 36(1)(vii)]<\/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-29399","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7Eb","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29399","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=29399"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29399\/revisions"}],"predecessor-version":[{"id":32445,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29399\/revisions\/32445"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=29399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=29399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=29399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}