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RBI launches ‘100 days 100 pays’ Campaign for Return of Unclaimed Deposits w.e.f. June 1st 2023
The Reserve Bank of India (RBI) has launched the ‘100 days 100 Pays’ Campaign with effect from 1st June 2023. The campaign strives to return the...
Relief to Canara Bank-Bad Debt written off be First Adjusted Against Credit Balance and only Excess be Claimed as Deduction: ITAT deletes Disallowance u/s 36(1)(vii)
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has granted relief to Canara Bank by deleting the disallowance under Section 36(1)(vii) of the Income Tax Act, 1961 holding that bad...
