https://www.taxtmi.com/caselaws?id=233465 Accounts maintained by a banking assessee in accordance with binding RBI directions could not have the provision for bad and doubtful debts disallowed merely on the Assessing Officer's contrary view; the deletion of the addition was upheld. Loss arising from embezzlement was treated as an incidental business loss allowable in the year of discovery, and that allowance was also sustained. On both issues, the challenge failed and no substantial question of law arose. en-us Mon, 15 Apr 2013 00:00:00 +0530 Thu, 02 May 2013 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233465 Accounts maintained by a banking assessee in accordance with binding RBI directions could not have the provision for bad and doubtful debts disallowed merely on the Assessing Officer's contrary view; the deletion of the addition was upheld. Loss arising from embezzlement was treated as an incidental business loss allowable in the year of discovery, and that allowance was also sustained. On both issues, the challenge failed and no substantial question of law arose. Case-Laws Income Tax Mon, 15 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233465