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Provision for bad & doubtful debts

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17 March 2016 HI.... Scrutiny of one of my client Regional Rural Bank for A. Y. 2013-14 is going on. Bank has made the provision on non performing assets as per RBI Norms and the provisions are within the limit of u/s 36(1)(viia). AO denied that on the ground that it is a provision for NPA not for bad & doubtful Assets, but Bad & doubtful assets are part of NPA as per RBI guidelines. please help me whether it is allowable or not ????? and applicability of the provision of Section 36(1)(viia) on provisions made by the banks???? Its allowablity & disallowability ?????????
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Soumitra Basu

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Soumitra Basu (Expert)
24 March 2016 Provision for NPA is provision for Bad and Doubtful Debts. There is no other reason for making provision by bank and reducing it's income.
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