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2021 (1) TMI 126 - HC - Income TaxDeduction claimed towards bad and doubtful debts u/s 36(viia) - provision for bad and doubtful debts in excess of provision made in the account - Whether tribunal was right in holding that the creation of a requisite reserve in the books of account is a condition precedent for allowance of the claim under Section 36(1)(viia) of the Act? - HELD THAT:- The substantial questions of law framed in this appeal have already been answered against the assessee in M/S. SYNDICATE BANK [2020 (2) TMI 1020 - KARNATAKA HIGH COURT] and M/S. VIJAYA BANK [2014 (10) TMI 1015 - KARNATAKA HIGH COURT] - Decided in favour of the revenue.
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