INCOME TAX OFFICER, WARD-1, NANDED, NANDED vs. LATUR DISTRICT CENTRAL CO OP BANK LTD, LATUR
In the result, the appeal of the Revenue is dismissed
ITA 1222/PUN/2024[2018-19]Status: DisposedITAT Pune28 Jan 2025AY 2018-19
For Appellant: \nDepartment by
Section 143(2)Section 143(3)Section 36(1)(viia)
Bank (ITA No. 3223/Del/2018) I\ndo not agree with the assessing officer that the provisioning for bad and\ndoubtful debts as contemplated in section 36(1)(visa) ought to be revenue in\nnature to allow the deduction.\nFurther I have examined, the decisions relied on by the assessing officer