Gour Gamin Bank (Presently merged with Bangiya Gramin Vikash Bank) Vs. Deputy Commissioner of Income-tax

Parties Involved

Facts Summary

The case involves two cross appeals by the assessee and the revenue arising from the order of the Commissioner of Income Tax (Appeals) in Appeal No. 942/CIT(A)-XXXVI/Kol/Cir-MSD/09-10 dated 27.12.2011. The assessee, Gour Gamin Bank, challenged the order of the Commissioner of Income Tax (Appeals) in confirming the action of the Assessing Officer in not allowing provisions for gratuity, leave encashment, and bad and doubtful debts. The revenue appealed against the order of the Commissioner of Income Tax (Appeals) deleting the disallowance of deduction under section 80P of the Income-tax Act, 1961 in respect of receipts of interest on non-SLR funds.…

Legal Issues

• 1. Whether the order of the Commissioner of Income Tax (Appeals) in not allowing provisions for gratuity, leave encashment, and bad and doubtful debts is arbitrary, unjustified, and illegal.
• 2. Whether the assessee is eligible for deduction under section 80P of the Act on interest earned on non-SLR funds.

Judgment Outcome

Decided in favour of Partly Assessee / Partly Revenue.

Precedents Relied Upon

Similar Judgements

• Sagar Gamin Bank (Presently merged with Bangiya Gramin Vikash Bank) Vs. Deputy Commissioner of Income-tax, Circle, Murshidabad

  Kolkata bench

• Mohan Shriniwas Bhise vs. Income Tax Officer, Ward – 3, Sangli

  Pune bench

• Anant Chintaman Gundalwar vs. ITO, Ward-1, Chandrapur

  Nagpur bench

• IDFC Limited vs. The Dy. Commissioner of Income Tax

  Chennai bench

• Dhani Loans & Services Ltd. vs ACIT

  Delhi 'B' Bench benchAY 2021-22Allowed

• ITA No.4000/Mum/2025

  Mumbai Bench benchAY 2015-16Dismissed