https://www.taxtmi.com/caselaws?id=327639 The Tribunal partly allowed the appeals for statistical purposes, remitting the issue back to the AO for re-examination. The assessee was not entitled to deductions for the provision for bad debts of Rs. 60,00,000 for the assessment year 2008-09 and Rs. 1,06,63,566 for the assessment year 2007-08. The AO was instructed to verify the assessee's compliance with Section 36(1)(viia) based on the Supreme Court decision and other relevant judicial decisions, providing the assessee an opportunity to present their case. en-us Wed, 06 Apr 2016 00:00:00 +0530 Mon, 16 May 2016 09:59:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327639 The Tribunal partly allowed the appeals for statistical purposes, remitting the issue back to the AO for re-examination. The assessee was not entitled to deductions for the provision for bad debts of Rs. 60,00,000 for the assessment year 2008-09 and Rs. 1,06,63,566 for the assessment year 2007-08. The AO was instructed to verify the assessee's compliance with Section 36(1)(viia) based on the Supreme Court decision and other relevant judicial decisions, providing the assessee an opportunity to present their case. Case-Laws Income Tax Wed, 06 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327639