{"id":8155,"date":"2019-11-12T07:54:15","date_gmt":"2019-11-12T07:54:15","guid":{"rendered":"http:\/\/itatonline.org\/digest\/federal-bank-ltd-v-dcit-2019-417-itr-694-kerhc-2\/"},"modified":"2020-03-17T09:00:18","modified_gmt":"2020-03-17T09:00:18","slug":"federal-bank-ltd-v-dcit-2019-417-itr-694-kerhc-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/federal-bank-ltd-v-dcit-2019-417-itr-694-kerhc-2\/","title":{"rendered":"Federal Bank Ltd.  v. DCIT  (2019) 417 ITR 694\/( 2020) 269 Taxman 190 (Ker)(HC)"},"content":{"rendered":"<p>Court held that the assessee had actually written off the amounts. In such circumstances, it is only proper that the Assessing Officer verify the balance-sheet of the assessee, produced for the year and decide the question of deduction under section\u00a036(1)(vii)\u00a0. Followed Vijay Bank v. CIT ( 2010) 323 ITR 166 (SC)\u00a0 For <em>\u00a0<\/em>the determination of non-rural branches shall be only with reference to the revenue villages and not solely on the basis of population in an area as demarcated by the assessee-bank. The Assessing Officer rightly computed 10 per cent. of the aggregate advances at Rs. 3,27,15,858. Thus, a total amount of Rs. 45,30,81,080 was arrived at as eligible for deduction. (AY.2006 -07)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(viia) :Bad debt-Provision for bad and doubtful debts &#8211; Schedule bank -Bad debts written off in accounts is deductible \u2013 Determination of Rural branch is to be based on revenue records .<\/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":[1],"tags":[],"class_list":["post-8155","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-27x","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8155","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=8155"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8155\/revisions"}],"predecessor-version":[{"id":10475,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8155\/revisions\/10475"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}