Sec 36(1)(viia) applies to bad debts arising out of rural advance of a bank
Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
We can find the facts of the case after considering the above as well as on law, the Learned CIT(A) has erred in confirming disallowance of provision for bad and doubtful debts to the extent of Rs.63,45,02,440 claimed by the appellant under the first Proviso to sub- clause (a) of clause (viia) of sub-section (1) of section 36
Citation :
Allahabad Bank, Kolkata (PAN: AACCA 8464 F) (APPELLANT) -Versus- D.C.I.T., Circle-6, Kolkata (RESPONDENT)
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CS Bijoy
Published in Income Tax
Views : 3401
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