Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (10) TMI 359 - AT - Income TaxAddition of claim of deduction u/s 36(1)(viia) to the extent of the provisions for bad and doubtful debts made in the books of accounts - Held that:- As decided in assessee's own case ASSISTANT COMMISSIONER OF INCOME-TAX VERSUS PRATHMA BANK [2017 (9) TMI 106 - ITAT DELHI] the assessee in its computation of revised total income/loss clearly mentioned that deduction under section 36(1)(viia) of the Act was claimed at 10 per cent of average agricultural advances of ₹ 801.56 crores. Thereafter, the Assessing Officer after examining the aforesaid details came to the conclusion that the claim of the assessee was allowable and he accordingly allowed the claim of the assessee under section 36(1)(viia) of the Act. The said claim was in accordance with law and as provided in the provisions of section 36(1)(viia) of the Act - decided against revenue
|