https://www.taxtmi.com/caselaws?id=195080 The Tribunal upheld the CIT (A) order allowing Rs. 105,99,46,975 as bad debt u/s 36(1)(viia) for the assessment year 1996-1997. The Revenue's appeal contended that this amount should not be allowed as a deduction since Rs. 26.69 crores had already been allowed u/s 36(1)(vii). Relying on the Supreme Court judgment in the Catholic Syrian Bank Ltd case, the Tribunal dismissed the Revenue's appeal, affirming the CIT (A) decision. The Tribunal found no reason to interfere with the order, citing the settled nature of the issue at the Supreme Court level. en-us Wed, 07 Nov 2012 00:00:00 +0530 Fri, 13 Oct 2017 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195080 The Tribunal upheld the CIT (A) order allowing Rs. 105,99,46,975 as bad debt u/s 36(1)(viia) for the assessment year 1996-1997. The Revenue's appeal contended that this amount should not be allowed as a deduction since Rs. 26.69 crores had already been allowed u/s 36(1)(vii). Relying on the Supreme Court judgment in the Catholic Syrian Bank Ltd case, the Tribunal dismissed the Revenue's appeal, affirming the CIT (A) decision. The Tribunal found no reason to interfere with the order, citing the settled nature of the issue at the Supreme Court level. Case-Laws Income Tax Wed, 07 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195080