Deduction for bad-debts couldn't be allowed to a rural bank if it had not made provision for rural a

IT : Where assessee, a statutory board, applied for registration under section 12A on 31-3-2008 i.e., in financial year 2007-08, provisions of sections 11 and 12 would be applicable to assessee from assessment year 2008-09 and not from financial year 2008-09