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2012 (6) TMI 619 - HC - Income TaxBad debt – disallowance of deduction - assessee had created a provision for bad and doubtful debts under section 36(1)(viia) of the Act – Held that:- Assessee is entitled to the deduction of any bad debt which is written off in its books of account to the extent it exceeds the credit balance in the provision for bad and doubtful debts accounts - Provision created by the assessee and claimed as deduction under section 36(1)(viia) will also be considered while computing the deduction under section 36(1)(vii) – In favor of Revenue
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