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2021 (8) TMI 1373 - SUPREME COURTMAT application u/s 115JB on Banking companies - assessee bank eligibility for deduction u/s 36(1)(vii) when the assessee has not debited any bad debts write off in the profit and loss account and only the provision for bad debts (prudential write off) has been claimed as deduction in the computation of income as bad debt write off - as per HC [2020 (12) TMI 402 - KARNATAKA HIGH COURT] for the reasons assigned in the judgment [2020 (11) TMI 486 - KARNATAKA HIGH COURT], the substantial questions of law involved in this appeal are answered against the revenue and in favour of the assessee - HELD THAT:- Leave granted.
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