https://www.taxtmi.com/highlights?id=3584 Deduction u/s 36(1)(viia) of the Act - Provision for bad and doubtful debts - provision for bad and doubtful debts newly created during the year under consideration should not be netted against the amount written back or reversed. However, there might be a situation that the provision created for a particular debt needs enhancement and in that situation, only the enhanced amount should be treated as the new provision for the purpose of sec. 36(1)(viia) of the Act. - AT en-us Wed, 02 May 2012 10:23:19 +0530 Wed, 02 May 2012 10:23:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=3584 Deduction u/s 36(1)(viia) of the Act - Provision for bad and doubtful debts - provision for bad and doubtful debts newly created during the year under consideration should not be netted against the amount written back or reversed. However, there might be a situation that the provision created for a particular debt needs enhancement and in that situation, only the enhanced amount should be treated as the new provision for the purpose of sec. 36(1)(viia) of the Act. - AT Highlights Income Tax Wed, 02 May 2012 10:23:19 +0530 https://www.taxtmi.com/highlights?id=3584