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2020 (12) TMI 402 - HC - Income TaxMAT application u/s 115JB on Banking companies - assessee bank is eligible for deduction under section 36(1)(vii) of the Act, when the assessee has not debited any bad debts write off in the profit and loss account and only the provision for bad debts (prudential write off) has been claimed as deduction in the computation of income as bad debt write off? - HELD THAT:- In view of the aforesaid submission and for the reasons assigned in the judgment [2020 (11) TMI 486 - KARNATAKA HIGH COURT], the substantial questions of law involved in this appeal are answered against the revenue and in favour of the assessee.
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