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Section 2633 Section 36(1)(viia)3 Section 682 Section 2(22)(e)2

BAITARANI GRAMYA BANK,BHUBANESWAR vs. ACIT, BALASORE

In the result, appeal is partly allowed

ITA 318/CTK/2013[2008-09]Status: DisposedITAT Cuttack24 Aug 2017AY 2008-09

Bench: S/Shri N.S Saini & Pavan Kumar Gadale

For Appellant: Shri B.K.Mohapatra, ARFor Respondent: Shri D.K.Pradhan, DR

Section 36(1)(vii)Section 36(1)(viia)

section 36(1)(vii) of the Act dealing with Asse ssment Years : 2 008 -09 & 20 09- 201 0 allowance of bad debts written off by the assessee covers banking as well as non-banking assessees. He observed that the Hon’ble Supreme Court in the case of Vijaya Bank vs CIT (2010) 323 ITR 166 (SC) held as under

OMM SHREE REALCON PVT. LTD,BHUBANESWAR vs. PR.CIT-1, BHUBANESWAR

In the result, appeal of the assessee stands allowed