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2016 (12) TMI 171 - AT - Income TaxDisallowance of Bad Debts Written off - Held that:- Admittedly the amounts written off as stated above includes a sum of ₹ 51,95,96,000/- relating to the assessment year 2009-10 which the assessee claims as deduction under section 36(1)(vii) . We find that if this deduction is allowed, then it would amount to double deduction granted to the assessee, in view of the fact that the assessee has already granted deduction under section 36(1) (viia)(c) of the Act in view of making provision in the year 2003-04. Since the bad debts written off in the current assessment year do not exceed credit balance in the provision for bad and doubtful debts account, the authorities below have rightly disallowed the amount claimed as deduction by the assessee, inasmuch as the intention of the legislature was to see that deductions for bad debts in respect of the very same amount covered by clause (viia) of the Act is not again claimed under clause (vii) of the Act. With this view of the matter, we do not find any merits in the contention of the Ld. AR. Hence, we find that the orders of the authorities below do not warrant any interference and the same are hereby upheld. This ground of appeal of assessee is dismissed.
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