ACIT, CIRCLE-1, PATNA vs. BIHAR KSHETRIYA GRAMIN BANK, MUNGER

In the result, the appeal of the revenue is dismissed

Bench: Dr. Manish Borad & Shri Sonjoy Sarma]

section 36(1)(viia) of the Act and he held that the deduction @10% is allowable on the aggregate average advances of the rural branches computed as per Rule 6ABA of the IT Rules, 1962. The assessee furnished the chart of outstanding advances of the urban and rural branches as per which the total outstanding advances

THE SIWAN CENTRAL CO.-OPERATIVE BANK LTD,SIWAN vs. DCIT, CIRCLE-2, MUZAFFARPUR

In the result, both the appeals filed by the assessee are allowed for statistical purposes

Bench: Sri Rajpal Yadav & Dr. Manish Borad

section 36(viia) of the I.T. Act whereas the entire bad debt is an allowable deduction. 11. For that the Ld. CIT(A) has erred in upholding addition of Rs.2,88,460/- on the ground that the same is on account of income tax. 12. For that the disallowance of Rs. 1

THE SIWAN CENTRAL CO.-OPERATIVE BANK LTD,SIWAN vs. DCIT, CIRCLE-2, MUZAFFARPUR

In the result, both the appeals filed by the assessee are allowed for statistical purposes

Bench: Sri Rajpal Yadav & Dr. Manish Borad

section 36(viia) of the I.T. Act whereas the entire bad debt is an allowable deduction. 11. For that the Ld. CIT(A) has erred in upholding addition of Rs.2,88,460/- on the ground that the same is on account of income tax. 12. For that the disallowance of Rs. 1

THE MUZAFFARPUR CENTRAL CO-OPERATIVE BANK LTD,MUZAFFARPUR vs. ACIT, CIRCLE-2, MUZAFFARPUR

In the result, the appeal of assessee is allowed for statistical purpose

Bench: Shri Mainsh Borad & Shri Sonjoy Sarma]

disallowable u/s 36(1)(viia) in earlier years. 15. For that the amount credited to profit & loss account as provisions written back consist of the aid provided by the Central and State Government in lieu of the irrecoverable debt. This amount, though credited in profit & loss account, is actually a capital receipt, not liable to tax under the Income

THE MUZAFFARPUR CENTRAL CO-OPERATIVE BANK LTD,MUZAFFARPUR vs. DCIT, CIRCLE-2(1), MUZAFFARPUR

In the result, the appeal of assessee is allowed for statistical purpose

Bench: Shri Mainsh Borad & Shri Sonjoy Sarma]

section 36(1)(viia) of the I.T. Act. The provision for bad and doubtful debts as claimed is profit & loss account is therefore allowable in full. 2 The Muzaffarpur Central Co-operative Bank Ltd. AY 2012-13 6. For that it is humbly prayed that directions may kindly be given for adjustment of determined loss after giving effect of appellate

ACIT, CIRCLE-2(1), MUZAFFARPUR vs. M/S UTTAR BIHAR GRAMIN BANK, MUZAFFARPUR

In the result, the appeal of revenue for AY 2009-10 and that of assessee for AY 2012-13 are allowed for statistical purpose

disallowance of Rs. 8,41,31,263/- claimed as expenditure under the head amortization of Government Securities. (6) For that expenditure under the head amortization of Government Securities has been claimed as per prudential norms of the RBI and the premium amortized has been claimed to be in respect of securities held under the category 'held to maturity

UTTAR BIHAR GRAMIN BANK,MUZAFFARPUR vs. DCIT, CIRCLE-2(1), MUZAFFARPUR

In the result, the appeal of revenue for AY 2009-10 and that of assessee for AY 2012-13 are allowed for statistical purpose

disallowance of Rs. 8,41,31,263/- claimed as expenditure under the head amortization of Government Securities. (6) For that expenditure under the head amortization of Government Securities has been claimed as per prudential norms of the RBI and the premium amortized has been claimed to be in respect of securities held under the category 'held to maturity