https://www.taxtmi.com/caselaws?id=11986 The court held that the creation of a special reserve was sufficient for the assessment year 1994-95, as the requirement to maintain the reserve was introduced only from April 1, 1998. The court found that the Tribunal erred in its decision and concluded that the transfer of the amount to the "provision for bad and doubtful debts account" did not disentitle the appellant from claiming the deduction under section 36(1)(viii). The court allowed the deduction, setting aside the orders of the Tribunal and the Commissioner of Income-tax. en-us Fri, 14 Feb 2003 00:00:00 +0530 Sun, 14 Feb 2010 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11986 The court held that the creation of a special reserve was sufficient for the assessment year 1994-95, as the requirement to maintain the reserve was introduced only from April 1, 1998. The court found that the Tribunal erred in its decision and concluded that the transfer of the amount to the "provision for bad and doubtful debts account" did not disentitle the appellant from claiming the deduction under section 36(1)(viii). The court allowed the deduction, setting aside the orders of the Tribunal and the Commissioner of Income-tax. Case-Laws Income Tax Fri, 14 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11986