2002 (1) TMI 61

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..... ,27,676 were disallowed as the deductions under section 36(2) and 36(1)(vii) of the Income-tax Act, 1961. Obviously, these amounts were the provisions made and were earlier allowable under section 36(1)(vii). However, thereafter an amendment came to be made by adding Explanation to section 36, because of which any provisions made for bad and doubtful debts were not to be treated as allowable deduc .....

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..... arly incorrect. When we see the facts, we do not find any amounts or part thereof having been written off as bad debts which was an allowable deduction. If a specific provision is added by way of an amendment to section 36(1)(vii), then no interpretation bypassing section 36(1)(vii) could be made of either section 28 or section 29 so as to set at naught the amendment. That would be simply against .....

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