ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 2(1)(1), VADODARA, RACE COURSE CIRCLE, VADODARA vs. THE BHARUCH DIST. CENTRAL CO-OP BANK LIMITED, BHARUCH
ITA 693/AHD/2024[2015-16]Status: DisposedITAT Ahmedabad23 Sept 2024AY 2015-16
Bench: Shri Siddhartha Nautiyal & Shri Makarand V. Mahadeokar
For Appellant: Shri Rignesh K Das, Sr. DRFor Respondent: Shri Manish J. Shah & Shri Rushin Patel, A.Rs
Section 36(1)(viia)
56,42,050/-.
The assessee, a co-operative bank registered with relevant authorities, claimed a deduction of Rs. 2,88,40,841/- under section 36(1)(viia) of the Income Tax
Act for bad and doubtful debts. In response to inquiries about this deduction, the assessee submitted that as a co-operative bank, it qualified for specific deductions under
