2020 (12) TMI 402

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..... 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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..... unal were right in law in holding that Banking companies are not liable for Minimum Alternate Tax u/s. 115JB of the Act against the provisions of the Act? ii. Whether on the facts and in the circumstances on the case, the Tribunal were right in law in holding that the assessee bank is eligible for deduction under section 36(1)(vii) of the Act, when the assessee has not debited any bad debts w .....

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