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2016 (8) TMI 50 - AT - Income TaxDeduction u/s 36(1) - provision for bad and doubtful debt - Held that:- Considering the reasoning of the AO in confining the deduction claimed u/s 36(1)(viia) only to the provision made towards rural advances, in our view, is not in accordance with the statutory provision. On the other hand, the view expressed by ld. CIT(A) while allowing assessee’s claim of deduction is as per the statutory provision. Accordingly, we do not find any infirmity in the order of ld. CIT(A) in allowing assessee’s claim of deduction for ₹ 616.55 crores u/s 36(1)(viia). - Decided in favour of the assessee
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