https://www.taxtmi.com/caselaws?id=11869 The dominant issue was the scope of the proviso to s.36(1)(vii) of the Income-tax Act, 1961 for a scheduled bank claiming deduction of bad debts alongside provision under s.36(1)(viia) read with s.36(2)(v). The HC held the proviso is intended only to prevent double deduction for the same debt: deduction under s.36(1)(vii) is denied only to the extent the written-off debt relates to debts for which provision under s.36(1)(viia) exists, and is allowable in full for other debts; where provision exists, deduction is limited to the excess of write-off over the credit balance in the provision account. The Tribunal's undifferentiated computation was set aside and the matter remanded to the AO for fresh recomputation accordingly. en-us Mon, 11 Nov 2002 00:00:00 +0530 Mon, 05 Jan 2026 16:38:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11869 The dominant issue was the scope of the proviso to s.36(1)(vii) of the Income-tax Act, 1961 for a scheduled bank claiming deduction of bad debts alongside provision under s.36(1)(viia) read with s.36(2)(v). The HC held the proviso is intended only to prevent double deduction for the same debt: deduction under s.36(1)(vii) is denied only to the extent the written-off debt relates to debts for which provision under s.36(1)(viia) exists, and is allowable in full for other debts; where provision exists, deduction is limited to the excess of write-off over the credit balance in the provision account. The Tribunal's undifferentiated computation was set aside and the matter remanded to the AO for fresh recomputation accordingly. Case-Laws Income Tax Mon, 11 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11869