DCIT, CIRCLE-2(2), SURAT vs. THE SURAT DISTRICT CO-OP. BANK LIMITED, SURAT

In the result, ground No.6 raised by the assessee, is allowed for statistical purposes

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.590/Srt/2019 Assessment Year: (2011-12) (Physical Hearing) The Surat District Co.Op. Bank Ltd., Vs. The Acit, Circle-2(2), Shri Pramodbhai Desai Sahakar Bhavan, Surat. J. P. Road, Athwa Gate, Surat – 395001. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaaat2985Q (Assessee) (Respondent) आयकर अपील सं./Ita No.4/Srt/2020 Assessment Year: (2011-12) The Dcit, Circle-2(2), Vs. The Surat District Co.Op. Bank Ltd., Surat. Shri Pramodbhai Desai Sahakar Bhavan, J. P. Road, Athwa Gate, Surat – 395001. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaaat2985Q (Assessee) (Respondent)

section 36(1)(viia)(a). For the provision of bad and doubtful debts against standard asset of Rs. 50 Lakhs, the assessing officer held that this is a performing asset, which is governed by 2(1)(xv) of Non-banking financial companies prudential norms (Reserve Bank) directions 1998. It was held that though it is mandatory but cannot be categorised

ASSISTANT COMMISSIONER OF INCOME TAX, CIR.2(1)(1), SURAT vs. THE SURAT DISTRICT CO-OP. BANK LTD., SURAT

In the result, ground No.1& 3 raised by the Revenue is dismissed

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Hearing In Virtual Court) Assistant Commissioner The Surat District Co- Of Income Tax, Operative Bank Ltd. Vs Circle-2(1)(1), 1, Kanpith, Lalgate, Surat. Surat-395003 Pan : Aaaat 2985 Q Appellant / Revenue Respondent / Assessee

section 36(1)(viia)(a). For the provision of bad and doubtful debts against standard asset of Rs. 50 Lakhs, the assessing officer held that 3 ACIT Vs Surat Dist. Co-Op Bank Ltd. this is a performing asset, which is governed by 2(1)(xv) of Non- banking financial companies prudential norms (Reserve Bank) directions 1998. It was held

THE SURAT DISTRICT CO. OP. BANK LTD.,,SURAT vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2(2),, SURAT

In the result, appeal of assessee for A

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Hearing In Physical Court) The Surat District Co- Deputy Commissioner Of Operative Bank Ltd., Income Tax, Vs Kanpith, Lalgate, Circle-2(2), Aayakar Bhavan, Surat-395003 Majura Gate, Pan : Aaaat 2985 Q Surat. Appellant / Revenue Respondent / Assessee

section 36(1)(viia)(a). For the provision of bad and doubtful debts against standard asset of Rs. 50 Lakhs, the assessing officer held that this is a performing asset, which is governed by 2(1)(xv) of Non- banking financial companies prudential norms (Reserve Bank) directions 1998. It was held that though it is mandatory but cannot be categorised

THE ASSTT. CIT., CIRCLE - 2(2),, SURAT vs. THE SURAT DISTRICT CO. OPERATIVE BANK LTD.,, SURAT

In the result, appeal of assessee for A

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Hearing In Physical Court) The Surat District Co- Deputy Commissioner Of Operative Bank Ltd., Income Tax, Vs Kanpith, Lalgate, Circle-2(2), Aayakar Bhavan, Surat-395003 Majura Gate, Pan : Aaaat 2985 Q Surat. Appellant / Revenue Respondent / Assessee

section 36(1)(viia)(a). For the provision of bad and doubtful debts against standard asset of Rs. 50 Lakhs, the assessing officer held that this is a performing asset, which is governed by 2(1)(xv) of Non- banking financial companies prudential norms (Reserve Bank) directions 1998. It was held that though it is mandatory but cannot be categorised

THE ASSTT. CIT., CIRCLE - 2(2),, SURAT vs. THE SURAT DISTRICT CO. OPERATIVE BANK LTD.,, SURAT

In the result, appeal of assessee for A

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Hearing In Physical Court) The Surat District Co- Deputy Commissioner Of Operative Bank Ltd., Income Tax, Vs Kanpith, Lalgate, Circle-2(2), Aayakar Bhavan, Surat-395003 Majura Gate, Pan : Aaaat 2985 Q Surat. Appellant / Revenue Respondent / Assessee

section 36(1)(viia)(a). For the provision of bad and doubtful debts against standard asset of Rs. 50 Lakhs, the assessing officer held that this is a performing asset, which is governed by 2(1)(xv) of Non- banking financial companies prudential norms (Reserve Bank) directions 1998. It was held that though it is mandatory but cannot be categorised

THE BHARUCH DIST.CENTRAL CO.OP.BANK LTD.,,BHARUCH vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, BHARUCH

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

section 36(1)(viia) of Rs.8.567 crores. Thus, 7 Bharuch Dist. Central Co-Op.Bank Ltd. AYs 12-13, 14-15, 09-10-11-12 excess claimed of Rs.7.80 crores was disallowed and added back to the income of assessee. 5. The Assessing Officer further noted that in the computation of income, the assessee claimed deduction of Rs.5.863 crores on account

BHARUCH DISTRICT CENTRAL CO.-OP. BANK LTD.,,BHARUCH vs. THE ADDITIONAL COMMISSIONER OF INCOME TAX, BHAURCH RANGE,, BHARUCH

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

section 36(1)(viia) of Rs.8.567 crores. Thus, 7 Bharuch Dist. Central Co-Op.Bank Ltd. AYs 12-13, 14-15, 09-10-11-12 excess claimed of Rs.7.80 crores was disallowed and added back to the income of assessee. 5. The Assessing Officer further noted that in the computation of income, the assessee claimed deduction of Rs.5.863 crores on account

THE ACIT, CIRCLE-1,, BHARUCH vs. BHARUCH DISTRICT CENTRAL CO. OP. BANK LTD.,, BHARUCH

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

section 36(1)(viia) of Rs.8.567 crores. Thus, 7 Bharuch Dist. Central Co-Op.Bank Ltd. AYs 12-13, 14-15, 09-10-11-12 excess claimed of Rs.7.80 crores was disallowed and added back to the income of assessee. 5. The Assessing Officer further noted that in the computation of income, the assessee claimed deduction of Rs.5.863 crores on account

THE ACIT, CIRCLE-1,, BHARUCH vs. BHARUCH DISTRICT CENTRAL CO. OP. BANK LTD.,, BHARUCH

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

section 36(1)(viia) of Rs.8.567 crores. Thus, 7 Bharuch Dist. Central Co-Op.Bank Ltd. AYs 12-13, 14-15, 09-10-11-12 excess claimed of Rs.7.80 crores was disallowed and added back to the income of assessee. 5. The Assessing Officer further noted that in the computation of income, the assessee claimed deduction of Rs.5.863 crores on account

THE ACIT, CIRCLE-1,, BHARUCH vs. BHARUCH DISTRICT CENTRAL CO. OP. BANK LTD.,, BHARUCH

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

section 36(1)(viia) of Rs.8.567 crores. Thus, 7 Bharuch Dist. Central Co-Op.Bank Ltd. AYs 12-13, 14-15, 09-10-11-12 excess claimed of Rs.7.80 crores was disallowed and added back to the income of assessee. 5. The Assessing Officer further noted that in the computation of income, the assessee claimed deduction of Rs.5.863 crores on account

BHARUCH DISTRICT CENTRAL CO.-OP. BANK LTD.,,BHARUCH vs. THE ADDITIONAL COMMISSIONER OF INCOME TAX, BHAURCH RANGE,, BHARUCH

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

section 36(1)(viia) of Rs.8.567 crores. Thus, 7 Bharuch Dist. Central Co-Op.Bank Ltd. AYs 12-13, 14-15, 09-10-11-12 excess claimed of Rs.7.80 crores was disallowed and added back to the income of assessee. 5. The Assessing Officer further noted that in the computation of income, the assessee claimed deduction of Rs.5.863 crores on account

THE BHARUCH DIST.CENTRAL CO.OP.BANK LTD.,,BHARUCH vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, BHARUCH

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

section 36(1)(viia) of Rs.8.567 crores. Thus, 7 Bharuch Dist. Central Co-Op.Bank Ltd. AYs 12-13, 14-15, 09-10-11-12 excess claimed of Rs.7.80 crores was disallowed and added back to the income of assessee. 5. The Assessing Officer further noted that in the computation of income, the assessee claimed deduction of Rs.5.863 crores on account

BHARUCH DISTRICT CENTRAL CO.-OP. BANK LTD.,,BHARUCH vs. THE ADDITIONAL COMMISSIONER OF INCOME TAX, BHAURCH RANGE,, BHARUCH

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

section 36(1)(viia) of Rs.8.567 crores. Thus, 7 Bharuch Dist. Central Co-Op.Bank Ltd. AYs 12-13, 14-15, 09-10-11-12 excess claimed of Rs.7.80 crores was disallowed and added back to the income of assessee. 5. The Assessing Officer further noted that in the computation of income, the assessee claimed deduction of Rs.5.863 crores on account

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, BHARUCH vs. BARODA GUJARAT GRAMIN BANK, BHARUCH

In the result, the appeal of the Revenue for A

Bench: Shri Kul Bharat & Shri O. P. Meena

depreciation claimed due to implementation of CBS, Ground No. 2 relates to deleting disallowance made on account of deduction under section 36(1)(viia

THE ADDL.CIT., BHARUCH RANGE,, BHARUCH vs. M/S. BARODA GUJARAT GRAMIN BANK,, BHARUCH

In the result, the appeal of the Revenue for A

Bench: Shri Kul Bharat & Shri O. P. Meena

depreciation claimed due to implementation of CBS, Ground No. 2 relates to deleting disallowance made on account of deduction under section 36(1)(viia

ASSISTANT COMMISSIONER OF INCOME TAX, BHARUCH vs. BARODA GUJARAT GRAMIN BANK, BHARUCH

In the result, the appeal of the Revenue for A

Bench: Shri Kul Bharat & Shri O. P. Meena

depreciation claimed due to implementation of CBS, Ground No. 2 relates to deleting disallowance made on account of deduction under section 36(1)(viia

THE DCIT, CIRCLE-2(2),, SURAT vs. THE SURAT DISTRICT CO.OPERATIVE BANK LTD.,, SURAT

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Hearing In Physical Court) Deputy Commissioner Of The Surat District Co- Income Tax Circle-2(2), Room Operative Bank Ltd. Vs No. 309, 3Rd Floor Aayakar Kanpith, Lalgate, Bhavan, Majura Gate, Surat- Surat-395003 395001 Pan : Aaaat 2985 Q Appellant / Revenue Respondent / Assessee

depreciation fund TOTAL 7,16,25,000/- As per section 36(1)(viia) of the I.T.Act 4. The assessing officer