Allowance of Claim Under 36(1)(viia) and 36(1)(viiii) – ITAT Kolkata Ruling

DCIT Vs Uttar Bihar Gramin Bank (ITAT Kolkata)

The Income Tax Appellate Tribunal (ITAT) Kolkata has dismissed the appeal filed by the Deputy Commissioner of Income Tax (DCIT) against the order of the Commissioner of Income Tax (Appeals) [CIT(A)] in the case of Uttar Bihar Gramin Bank for Assessment Year 2013-14. The dispute revolved around the bank’s claims for deductions under Section 36(1)(viia) and 36(1)(viii) of the Income Tax Act. The Assessing Officer (AO) had initially disallowed Rs. 10.7 crore under Section 36(1)(viia) and Rs. 6.79 crore under Section 36(1)(viii), leading

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