Canara Bank v. Jt. CIT

99 Taxmann.com 357Reported decision2018#7539 most cited

What is Canara Bank v. Jt. CIT authority for?

In identical circumstances, the provision made by an assessee for bad and doubtful debts is accepted if a co-ordinate bench of the Tribunal has accepted a similar provision in the assessee's own case, and this method has been approved by a High Court.

15

judgments rely on this decision, according to BharatTax’s citation analysis of 366,314 Indian tax judgments — from 2022 to 2025.

Also referred to as

Canara Bank v. Jt. CIT · provision for bad debts · doubtful debts · section 36(1)(vii) · section 36(1)(viia) · section 36(2)(v) · assessee's own case · Tribunal order · High Court approval

Sections most often in play

Section 115JBSection 14ASection 36(1)(vii)Section 36(1)(viia)Section 10(38)Section 129Section 143(3)Section 194A

Issues it is cited on

section 36(2)(v)section 115jasection 36(1)(viia)section 114section 36(2)section 115jb(2)section 194hsection 194jsection 36(1)(vii)interest u/s 234bbook profitssection 201(1)

Judgments citing Canara Bank v. Jt. CIT

Deputy Commissioner of Income Tax, Circle-2(1)(1), Bengaluru vs. Canara Bank, Bengaluru

In the result, appeal of the revenue in ITA No

ITA 297/BANG/2024[2018-19]Status: DisposedITAT Bangalore17 Jan 2025AY 2018-19

Bench: Shri Waseem Ahmed & Shri Keshav Dubeyassessmentyear: 2017-18

For Appellant: Sri Abharana &Anantham, A.RsFor Respondent: Ms. Neera Malhotra, D.R
Section 115JSection 143(3)Section 14ASection 234BSection 250

…ITA Nos.1154/Bang/2023 & ITA 210, 222 & 297/Bang/2024 M/s. Canara Bank., Bangalore IN THE INCOME TAX APPELLATE TRIBUNAL “C’’BENCH: BANGALORE BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER AND SHRI KESHAV DUBEY, JUDICIAL MEMBER AssessmentYear: 2017-18 M/s Canara Bank FM wing, Head Office, 112, J.C. Road DCIT Vs. Bangalore 560002 Circle-2(1)(1) Bangalore PAN NO : AAACC6106G APPELLANT RESPONDENT AssessmentYear: 2017-18 DCIT M/s Canara Bank Circle-2(1)(1) FM wing, Head Office, Vs. Bangalore 112, J.C. Road Bangalore 560 002 APPELLANT RESPONDENT AssessmentYear:2018-19 M/s Canara Bank FM wing, Head Office, DCIT 112…

The Deputy Commissioner of Income Tax, Circle - 2(1), Mangalore vs. Karnataka Bank Limited., Mangalore

In the result, the appeal of the assessee is partly allowed for statistical purposes and the revenue’s appeal is dismissed

ITA 161/PAN/2019[2015-16]Status: DisposedITAT Bangalore30 Sept 2024AY 2015-16

Bench: Shri Laxmi Prasad Sahu & Shri Soundararajan K., Judciial Member Assessment Year : 2015-16

For Appellant: Shri Ananthan S. & Smt. Lalitha Rameswaran, CAsFor Respondent: Shri D.K. Mishra, CIT(DR)(ITAT), Bengaluru
Section 115JSection 14ASection 234BSection 36(1)(vii)Section 36(1)(viia)Section 40Section 41(4)

…IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH : BANGALORE BEFORE SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER AND SHRI SOUNDARARAJAN K., JUDCIIAL MEMBER Assessment year : 2015-16 Karnataka Bank Ltd., Head Office, Vs. The Deputy Commissioner Mahaveer Circle, Kankanady, of Income Tax, Mangalore – 575 002. Circle 2(1), PAN : AABCT 5589K Mangalore. APPELLANT RESPONDENT Assessment year : 2015-16 The Deputy Commissioner of Vs. Karnataka Bank Ltd., Income Tax, Mangalore – 575 002. Circle 2(1), Mangalore. PAN : AABCT 5589K APPELLANT RESPONDENT Assessee by : Shri Ananthan S. & Smt. Lalitha Rameswaran, CAs Revenue by : S…

M/S. Karnataka Bank Limited, Mangaluru vs. The Deputy Commissioner of Income Tax. Circle- 2(1), Mangaluru

In the result, the appeal of the assessee is partly allowed for statistical purposes and the revenue’s appeal is dismissed

ITA 1107/BANG/2019[2015-16]Status: DisposedITAT Bangalore30 Sept 2024AY 2015-16

Bench: Shri Laxmi Prasad Sahu & Shri Soundararajan K., Judciial Member Assessment Year : 2015-16

For Appellant: Shri Ananthan S. & Smt. Lalitha Rameswaran, CAsFor Respondent: Shri D.K. Mishra, CIT(DR)(ITAT), Bengaluru
Section 115JSection 14ASection 234BSection 36(1)(vii)Section 36(1)(viia)Section 40Section 41(4)

…IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH : BANGALORE BEFORE SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER AND SHRI SOUNDARARAJAN K., JUDCIIAL MEMBER Assessment year : 2015-16 Karnataka Bank Ltd., Head Office, Vs. The Deputy Commissioner Mahaveer Circle, Kankanady, of Income Tax, Mangalore – 575 002. Circle 2(1), PAN : AABCT 5589K Mangalore. APPELLANT RESPONDENT Assessment year : 2015-16 The Deputy Commissioner of Vs. Karnataka Bank Ltd., Income Tax, Mangalore – 575 002. Circle 2(1), Mangalore. PAN : AABCT 5589K APPELLANT RESPONDENT Assessee by : Shri Ananthan S. & Smt. Lalitha Rameswaran, CAs Revenue by : S…

M/S Syndicate Bank, Manipal vs. Deputy Commissioner of Income Tax, Circle - 1, Udupi

In the result, appeal of the revenue in ITA No

ITA 1219/BANG/2019[2015-16]Status: DisposedITAT Bangalore08 Aug 2024AY 2015-16

Bench: Shri Chandra Poojari & Shri Keshav Dubeyassessment Year: 2015-16

For Appellant: Shri S. Ananthan, A.RFor Respondent: Ms. Neera Malhotra, D.R
Section 115JSection 36(1)(vii)Section 36(1)(viia)

…ITA No.1219/Bang/2019 & ITA No.186/PAN/2019 Canara Bank (Erstwhile Syndicate Bank), Bangalore IN THE INCOME TAX APPELLATE TRIBUNAL “C’’ BENCH: BANGALORE BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SHRI KESHAV DUBEY, JUDICIAL MEMBER Assessment Year: 2015-16 Canara Bank (Erstwhile Syndicate Bank) FM Wing, Head Office 112, JC Road DCIT Vs. Bangalore 560 002 Circle-1 Karnataka Udupi PAN NO : AAACC6106G APPELLANT RESPONDENT Assessment Year: 2015-16 Canara Bank (Erstwhile Syndicate DCIT Bank) Circle-1 Vs. Karnataka Udupi PAN NO : AAACC6106G APPELLANT RESPONDENT Appellant by : Shri S. Ananthan, A.R. Resp…

Deputy Commissioner of Income-Tax, Circle - 2(1)(1), Bangalore vs. Canara Bank, Bangalore

In the result, appeals filed by assessee and revenue stands partly allowed for statistical purposes

ITA 663/BANG/2023[2019-20]Status: DisposedITAT Bangalore22 Dec 2023AY 2019-20

Bench: Chandra Poojari & Smt. Beena Pillai

For Respondent: Ms. Neera Malhotra, CIT-DR
Section 115JSection 143(3)Section 14ASection 51

…IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH : BANGALORE BEFORE CHANDRA POOJARI, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER ITA Nos. 391 & 392/Bang/2023 Assessment year : 2019-2020 M/s. Canara Bank, The Deputy FM Wing, Head Office, Commissioner 112, J C Road, Vs. of Income Tax, Bangalore – 560 002. Circle – 2(1)(1), PAN : AAACC6106G Bangalore. APPELLANT RESPONDENT Shri Ananthan S & Appellant by : Smt. Lalitha Rameswaran, Advocates Respondent by : Ms. Neera Malhotra, CIT-DR & Assessment Year : 2019 – 2020 (By Revenue) Date of hearing : 16.11.2023 Date of Pronouncement : 22.12.2023 O R D E R PER B…

M/S. Canara Bank (Erstwhile Syndicate Bank), Bangalore vs. The Deputy Commissioner of Income Tax, Circle-2(1)(1), Bangalore

In the result, appeals filed by assessee and revenue stands partly allowed for statistical purposes

ITA 392/BANG/2023[2019-20]Status: DisposedITAT Bangalore22 Dec 2023AY 2019-20

Bench: Chandra Poojari & Smt. Beena Pillai

For Respondent: Ms. Neera Malhotra, CIT-DR
Section 115JSection 143(3)Section 14ASection 51

…IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH : BANGALORE BEFORE CHANDRA POOJARI, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER ITA Nos. 391 & 392/Bang/2023 Assessment year : 2019-2020 M/s. Canara Bank, The Deputy FM Wing, Head Office, Commissioner 112, J C Road, Vs. of Income Tax, Bangalore – 560 002. Circle – 2(1)(1), PAN : AAACC6106G Bangalore. APPELLANT RESPONDENT Shri Ananthan S & Appellant by : Smt. Lalitha Rameswaran, Advocates Respondent by : Ms. Neera Malhotra, CIT-DR & Assessment Year : 2019 – 2020 (By Revenue) Date of hearing : 16.11.2023 Date of Pronouncement : 22.12.2023 O R D E R PER B…

M/S. Canara Bank (Erstwhile Syndicate Bank), Bangalore vs. The Deputy Commissioner of Income Tax, Circle-2(1)(1), Bangalore

In the result, appeals filed by assessee and revenue stands partly allowed for statistical purposes

ITA 391/BANG/2023[2019-20]Status: DisposedITAT Bangalore22 Dec 2023AY 2019-20

Bench: Chandra Poojari & Smt. Beena Pillai

For Respondent: Ms. Neera Malhotra, CIT-DR
Section 115JSection 143(3)Section 14ASection 51

…IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH : BANGALORE BEFORE CHANDRA POOJARI, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER ITA Nos. 391 & 392/Bang/2023 Assessment year : 2019-2020 M/s. Canara Bank, The Deputy FM Wing, Head Office, Commissioner 112, J C Road, Vs. of Income Tax, Bangalore – 560 002. Circle – 2(1)(1), PAN : AAACC6106G Bangalore. APPELLANT RESPONDENT Shri Ananthan S & Appellant by : Smt. Lalitha Rameswaran, Advocates Respondent by : Ms. Neera Malhotra, CIT-DR & Assessment Year : 2019 – 2020 (By Revenue) Date of hearing : 16.11.2023 Date of Pronouncement : 22.12.2023 O R D E R PER B…

M/S. Canara Bank (Erstwhile Syndicate Bank), Bangalore vs. The Deputy Commissioner of Income Tax, Circle-2(1)(1), Bangalore

ITA 389/BANG/2023[2015-16]Status: DisposedITAT Bangalore26 Sept 2023AY 2015-16

Bench: Shri George George K. & Shri Laxmi Prasad Sahu

For Appellant: Shri S. Ananthan, CAFor Respondent: Ms. Neera Malhotra, CIT(DR)(ITAT), Bengaluru
Section 115JSection 147Section 250Section 36(1)(viia)Section 5

…IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH : BANGALORE BEFORE SHRI GEORGE GEORGE K., VICE PRESIDENT AND SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER ITA Nos.388 & 389/Bang/2023 Assessment years : 2014-15 & 2015-16 M/s. Canara Bank Vs. The Deputy Commissioner (erstwhile Syndicate Bank), of Income Tax, FM Wing, Head Office, Circle 2(1)(1), 112, J.C. Road, Bangalore. Bangalore – 560 002. PAN: AAACC 6106G APPELLANT RESPONDENT Appellant by : Shri S. Ananthan, CA Respondent by : Ms. Neera Malhotra, CIT(DR)(ITAT), Bengaluru. Date of hearing : 12.09.2023 Date of Pronouncement : 26.09.2023 O R D E R Per Bench These…

M/S. Canara Bank (Erstwhile Syndicate Bank), Bangalore vs. The Deputy Commissioner of Income Tax, Circle-2(1)(1), Bangalore

ITA 388/BANG/2023[2014-15]Status: DisposedITAT Bangalore26 Sept 2023AY 2014-15

Bench: Shri George George K. & Shri Laxmi Prasad Sahu

For Appellant: Shri S. Ananthan, CAFor Respondent: Ms. Neera Malhotra, CIT(DR)(ITAT), Bengaluru
Section 115JSection 147Section 250Section 36(1)(viia)Section 5

…IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH : BANGALORE BEFORE SHRI GEORGE GEORGE K., VICE PRESIDENT AND SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER ITA Nos.388 & 389/Bang/2023 Assessment years : 2014-15 & 2015-16 M/s. Canara Bank Vs. The Deputy Commissioner (erstwhile Syndicate Bank), of Income Tax, FM Wing, Head Office, Circle 2(1)(1), 112, J.C. Road, Bangalore. Bangalore – 560 002. PAN: AAACC 6106G APPELLANT RESPONDENT Appellant by : Shri S. Ananthan, CA Respondent by : Ms. Neera Malhotra, CIT(DR)(ITAT), Bengaluru. Date of hearing : 12.09.2023 Date of Pronouncement : 26.09.2023 O R D E R Per Bench These…

M/S. Canara Bank (Erstwhile Syndicate Bank), Bangalore vs. Deputy Commissioner of Income-Tax, Ltu, Circle-2, Bangalore

In the result, the appeals are partly allowed for statistical purposes

ITA 229/BANG/2023[2013-14]Status: DisposedITAT Bangalore28 Apr 2023AY 2013-14

Bench: Shri George George K. & Shri Laxmi Prasad Sahu

For Appellant: Shri Ananthan S. & Smt. Lalitha R., AdvocatesFor Respondent: Ms. Neera Malhotra, CIT(DR)(ITAT), Bengaluru
Section 115JSection 143(1)Section 143(3)Section 147Section 148Section 36(1)(vii)

…IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH : BANGALORE BEFORE SHRI GEORGE GEORGE K., JUDICIAL MEMBER AND SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER SP Nos. 18 to 20/Bang/2023 & ITA Nos. 227 to 229/Bang/2023 Assessment years : 2011-12 to 2013-14 M/s.Canara Bank, Vs. The Deputy Commissioner Erstwhile Syndicate Bank), of Income Tax, FM Wing, Head Office, Circle 2(1)(1), 112, J C Road, Bangalore. Bangalore – 560 002. PAN: AAACC 6106G APPELLANT RESPONDENT Appellant by : Shri Ananthan S. & Smt. Lalitha R., Advocates Respondent by : Ms. Neera Malhotra, CIT(DR)(ITAT), Bengaluru. Date of hearing : 05.04.2023 Date…

M/S. Canara Bank (Erstwhile Syndicate Bank), Bangalore vs. Assistant Commissioner of Income-Tax, Circle-2(1)(1), Bangalore

In the result, the appeals are partly allowed for statistical purposes

ITA 228/BANG/2023[2012-13]Status: DisposedITAT Bangalore28 Apr 2023AY 2012-13

Bench: Shri George George K. & Shri Laxmi Prasad Sahu

For Appellant: Shri Ananthan S. & Smt. Lalitha R., AdvocatesFor Respondent: Ms. Neera Malhotra, CIT(DR)(ITAT), Bengaluru
Section 115JSection 143(1)Section 143(3)Section 147Section 148Section 36(1)(vii)

…IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH : BANGALORE BEFORE SHRI GEORGE GEORGE K., JUDICIAL MEMBER AND SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER SP Nos. 18 to 20/Bang/2023 & ITA Nos. 227 to 229/Bang/2023 Assessment years : 2011-12 to 2013-14 M/s.Canara Bank, Vs. The Deputy Commissioner Erstwhile Syndicate Bank), of Income Tax, FM Wing, Head Office, Circle 2(1)(1), 112, J C Road, Bangalore. Bangalore – 560 002. PAN: AAACC 6106G APPELLANT RESPONDENT Appellant by : Shri Ananthan S. & Smt. Lalitha R., Advocates Respondent by : Ms. Neera Malhotra, CIT(DR)(ITAT), Bengaluru. Date of hearing : 05.04.2023 Date…

M/S. Canara Bank (Erstwhile Syndicate Bank), Bangalore vs. Assistant Commissioner of Income-Tax, Circle-2(1)(1), Bangalore

In the result, the appeals are partly allowed for statistical purposes

ITA 227/BANG/2023[2011-12]Status: DisposedITAT Bangalore28 Apr 2023AY 2011-12

Bench: Shri George George K. & Shri Laxmi Prasad Sahu

For Appellant: Shri Ananthan S. & Smt. Lalitha R., AdvocatesFor Respondent: Ms. Neera Malhotra, CIT(DR)(ITAT), Bengaluru
Section 115JSection 143(1)Section 143(3)Section 147Section 148Section 36(1)(vii)

…IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH : BANGALORE BEFORE SHRI GEORGE GEORGE K., JUDICIAL MEMBER AND SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER SP Nos. 18 to 20/Bang/2023 & ITA Nos. 227 to 229/Bang/2023 Assessment years : 2011-12 to 2013-14 M/s.Canara Bank, Vs. The Deputy Commissioner Erstwhile Syndicate Bank), of Income Tax, FM Wing, Head Office, Circle 2(1)(1), 112, J C Road, Bangalore. Bangalore – 560 002. PAN: AAACC 6106G APPELLANT RESPONDENT Appellant by : Shri Ananthan S. & Smt. Lalitha R., Advocates Respondent by : Ms. Neera Malhotra, CIT(DR)(ITAT), Bengaluru. Date of hearing : 05.04.2023 Date…

Assistant Commissioner of Income-Tax, Circle - 6, Pune vs. M/S. Janata Sahakari Bank Ltd, Pune

In the result, the appeal filed by the Revenue in ITA

ITA 2428/PUN/2017[2013-14]Status: DisposedITAT Pune10 May 2022AY 2013-14

Bench: Shri Inturi Rama Rao & Shri S. S. Viswanethra Ravisl.

For Appellant: Shri Nikhil PathakFor Respondent: Shri J. P. Chadraker
Section 143(3)

…IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH “B”, PUNE BEFORE SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER AND SHRI S. S. VISWANETHRA RAVI, JUDICIAL MEMBER Sl. ITA No. Name of Appellant Name of Respondent Asst. No. Year 1 2400/PUN/2017 Janata Sahakari Bank DCIT, Circle-6, Pune. 2013-14 Limited, 1444, Shukrawar Peth, Pune- 411002. PAN : AAAJJ0073G 2 2428/PUN/2017 ACIT, Circle-6, Pune. Janata Sahakari Bank 2013-14 Limited, 1444, Shukrawar Peth, Pune- 411002. PAN : AAAJJ0073G 3. 2641/PUN/2017 Janata Sahakari Bank DCIT, Circle-6, Pune. 2014-15 Limited, 1444, Shukrawar Peth, Pune- 411002. PAN : AAAJJ0073G Assessee by :…

Janata Sahakari Bank Limited, Pune vs. Deputy Commissioner of Income-Tax, Circle - 6, Pune

In the result, the appeal filed by the Revenue in ITA

ITA 2400/PUN/2017[2013-14]Status: DisposedITAT Pune10 May 2022AY 2013-14

Bench: Shri Inturi Rama Rao & Shri S. S. Viswanethra Ravisl.

For Appellant: Shri Nikhil PathakFor Respondent: Shri J. P. Chadraker
Section 143(3)

…IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH “B”, PUNE BEFORE SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER AND SHRI S. S. VISWANETHRA RAVI, JUDICIAL MEMBER Sl. ITA No. Name of Appellant Name of Respondent Asst. No. Year 1 2400/PUN/2017 Janata Sahakari Bank DCIT, Circle-6, Pune. 2013-14 Limited, 1444, Shukrawar Peth, Pune- 411002. PAN : AAAJJ0073G 2 2428/PUN/2017 ACIT, Circle-6, Pune. Janata Sahakari Bank 2013-14 Limited, 1444, Shukrawar Peth, Pune- 411002. PAN : AAAJJ0073G 3. 2641/PUN/2017 Janata Sahakari Bank DCIT, Circle-6, Pune. 2014-15 Limited, 1444, Shukrawar Peth, Pune- 411002. PAN : AAAJJ0073G Assessee by :…

Janata Sahakari Bank Ltd, Pune vs. Deputy Commissioner of Income-Tax, Circle - 6, Pune

In the result, the appeal filed by the Revenue in ITA

ITA 2641/PUN/2017[2014-15]Status: DisposedITAT Pune10 May 2022AY 2014-15

Bench: Shri Inturi Rama Rao & Shri S. S. Viswanethra Ravisl.

For Appellant: Shri Nikhil PathakFor Respondent: Shri J. P. Chadraker
Section 143(3)

…IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH “B”, PUNE BEFORE SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER AND SHRI S. S. VISWANETHRA RAVI, JUDICIAL MEMBER Sl. ITA No. Name of Appellant Name of Respondent Asst. No. Year 1 2400/PUN/2017 Janata Sahakari Bank DCIT, Circle-6, Pune. 2013-14 Limited, 1444, Shukrawar Peth, Pune- 411002. PAN : AAAJJ0073G 2 2428/PUN/2017 ACIT, Circle-6, Pune. Janata Sahakari Bank 2013-14 Limited, 1444, Shukrawar Peth, Pune- 411002. PAN : AAAJJ0073G 3. 2641/PUN/2017 Janata Sahakari Bank DCIT, Circle-6, Pune. 2014-15 Limited, 1444, Shukrawar Peth, Pune- 411002. PAN : AAAJJ0073G Assessee by :…

Canara Bank v. Jt. CIT (99 Taxmann.com 357) — Cited in 15 Judgments | BharatTax