https://www.taxtmi.com/caselaws?id=183731 The ITAT allowed the department's appeal for statistical purposes, directing a fresh assessment by the AO to determine the eligibility of the assessee for the deduction u/s 36(1)(viia) based on the presence of the requisite provision for bad and doubtful debts in the books of account. The matter was remitted back to the AO for verification, aligning with legal principles that establish the provision for bad and doubtful debts as a prerequisite for claiming the deduction under section 36(1)(viia). en-us Wed, 12 Aug 2015 00:00:00 +0530 Mon, 20 Jun 2016 13:01:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183731 The ITAT allowed the department's appeal for statistical purposes, directing a fresh assessment by the AO to determine the eligibility of the assessee for the deduction u/s 36(1)(viia) based on the presence of the requisite provision for bad and doubtful debts in the books of account. The matter was remitted back to the AO for verification, aligning with legal principles that establish the provision for bad and doubtful debts as a prerequisite for claiming the deduction under section 36(1)(viia). Case-Laws Income Tax Wed, 12 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183731