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2021 (8) TMI 1046 - AT - Income TaxDeduction u/s 36(1)(viia)(c) - Denial of deduction assessee has not created any ‘provision for bad and doubtful debts’ in the books of accounts - CIT(A), while deciding the issue in favour of the assessee, has given a categorical finding that assessee had created a provision in the books of account of “bad and doubtful debts” but with the nomenclature “Reserve for bad and doubtful debts” - HELD THAT:- We find that CIT(A) while allowing the appeal of the assessee has given a finding that though the assessee has created the provision in the books of accounts of ₹ 212.81 Crores but has claimed deduction only to the extent of ₹ 63.23 crores and since the Assessing Officer has already allowed the claim of deduction of ₹ 21.30 crores, there was no ground for addition of balance of ₹ 41.93 crores u/s 36(1)(viia)(c) of the Act. Before us, no fallacy in the findings of CIT(A) has been pointed out by the Revenue. - Decided against revenue.
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