2004 (5) TMI 12 - PUNJAB AND HARYANA HIGH COURT

Claim for deduction of the provision for bad debts to Rs. 1,19,36,000 under section 36(1)(viia) - Tribunal was right in holding that since the assessee had made a provision of Rs. 1,19,36,000 for bad and doubtful debts, its claim for deduction under section 36(1) (viia) of the Act had to be restricted to that amount only. Since the language of the statute is clear and is not capable of any other interpretation, we are satisfied that no substantial question of law arises in this appeal for consideration by this court.