https://www.taxtmi.com/caselaws?id=214133 The Tribunal allowed the appeal by the assessee, directing the deduction of Rs. 20,36,000 for bad debts to be allowed. The Tribunal found that the amount claimed was part of a provision made in a prior year and denying the deduction would result in double taxation. The decision was based on the interpretation of relevant provisions and accounting entries, ensuring that the assessee was not seeking a double deduction. en-us Wed, 14 Mar 2012 00:00:00 +0530 Wed, 13 Apr 2016 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214133 The Tribunal allowed the appeal by the assessee, directing the deduction of Rs. 20,36,000 for bad debts to be allowed. The Tribunal found that the amount claimed was part of a provision made in a prior year and denying the deduction would result in double taxation. The decision was based on the interpretation of relevant provisions and accounting entries, ensuring that the assessee was not seeking a double deduction. Case-Laws Income Tax Wed, 14 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214133