{"id":61515,"date":"2026-07-02T09:35:01","date_gmt":"2026-07-02T04:05:01","guid":{"rendered":"https:\/\/itatonline.org\/digest\/surat-national-co-operative-bank-ltd-v-acit-2025-234-ttj-529-surattrib-2\/"},"modified":"2026-07-02T09:35:01","modified_gmt":"2026-07-02T04:05:01","slug":"surat-national-co-operative-bank-ltd-v-acit-2025-234-ttj-529-surattrib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/surat-national-co-operative-bank-ltd-v-acit-2025-234-ttj-529-surattrib-2\/","title":{"rendered":"Surat National Co-Operative Bank Ltd. v ACIT (2025) 234 TTJ 529 \/ (Surat)(Trib)"},"content":{"rendered":"<p><strong>\u00a0<\/strong><\/p>\n<p>Held that the Reserve and surplus account cannot be considered as a provision for the purpose of allowing deduction under S. 36(1)(viia) and, therefore, the amount credited to bad and doubtful reserve is not allowable as a deduction. (AY.2013-14 &amp; 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(viia) :Bad debt-Provision for bad and doubtful debts-Schedule bank-Reserve and surplus account cannot be considered as provision for the purpose of allowing deduction-The amount credited to bad and doubtful reserve is not allowable as a deduction.  <\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21,1],"tags":[],"class_list":["post-61515","post","type-post","status-publish","format-standard","hentry","category-income-tax-act","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-g0b","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61515","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=61515"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61515\/revisions"}],"predecessor-version":[{"id":61516,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61515\/revisions\/61516"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=61515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=61515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=61515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}