THE SOUTH INDIAN BANK LIMITED,THRISSUR vs. DCIT, CIRCLE 1(1)&TPS, THRISSUR
In the result, the appeal filed by the assessee stands dismissed
ITA 287/COCH/2024[2017-2018]Status: DisposedITAT Cochin04 Aug 2025AY 2017-2018
Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm Assessment Year: 2017-18 The South Indian Bank Ltd., .......... Appellant Head Office, Mission Quarters, T.B. Road, Thrissur. [Pan: Aabct 0022 F] Vs. Dy. Commissioner Of Income Tax .......... Respondent Circle-1(1) & Tps, Thrissur Appellant By: Shri Naresh C, Ca Respondent By: Smt. Veni Raj, Cit-Dr Date Of Hearing: 12.06.2025 Date Of Pronouncement: 04.08.2025 O R D E R Per: Inturi Rama Rao, Am This Appeal Filed By The Assessee Is Directed Against The Order Of The National Faceless Appeal Centre, Delhi [Cit(A)] Dated 07.02.2024 For Assessment Year (Ay) 2017-18. 2. Brief Facts Of The Case Are That The Assessee Is A Private Scheduled Bank, Engaged In The Business Of Banking. The Return Of Income For The A.Y. 2017-18 Was Filed On 31/03/2018 Declaring Income Of Rs. 446,81,29,140/-. Against The Said Return Of Income, The Assessment Was Completed By The Dcit, Circle-1(1) & Tps
For Appellant: Shri Naresh C, CAFor Respondent: Smt. Veni Raj, CIT-DR
Section 143(3)Section 14ASection 263Section 36(1)(viii)Section 36(1)(viiia)
disallowed the bad debts written off and also the provisional bad debts of Rs. 52 crores which cannot be allowed in
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The South Indian Bank Ltd.
the assessment made pursuant to the revisionary order passed by the learned PCIT.
4. Being aggrieved, the assessee is in appeal before this tribunal in the present appeal.
5. We have heard
