2010 (8) TMI 1076

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..... ppeal by the assessee for the assessment year 2006-07 is directed against the order of the Commissioner of Income-tax (Appeals). 2. The assessee, a public sector undertaking, has received COD approval only with respect to its ground of appeal No.4 before the Tribunal. Accordingly, other grounds of the assessee in this appeal are rejected, in the absence of COD approval. 3. Ground of Appeal N .....

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..... A) has directed the Assessing Officer to verify and allow the claim of ₹ 172.79 crores made under S.36(1)(vii), he has not directed the Assessing Officer to verify and allow the other claim of the assessee made under S.36(1)(viia) of the Act. He relied on a series of decisions, noted hereunder, in support of the above submissions- (a) South Indian Bank Ltd. V/s. CIT(262 ITR 579)-Ker (b .....

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..... n at a certain percentage of total income and 10% of the rural branch advances, as per the provisions of S.36(1)(viia) provided the conditions laid down in this section are fulfilled. We find that the CIT(A) has directed the Assessing Officer to verify and allow the claim of the assessee of ₹ 172.79 crores under S. S.36(1)(vii) of the Act, but has not given any direction with regard to the o .....

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