https://www.taxtmi.com/caselaws?id=365590 The Tribunal dismissed the appeal, affirming that the special reserve created by the bank did not qualify for deduction under Section 36(1)(viia) or Section 36(1)(viii) of the Income Tax Act. The addition of Rs. 1,42,00,000/- made by the Assessing Officer and upheld by the Commissioner of Income-tax (Appeals) was confirmed. The Tribunal emphasized the distinction between provisions for bad and doubtful debts and special reserves, stating that the assessee's attempt to change its deduction claim was not permissible. en-us Fri, 17 Aug 2018 00:00:00 +0530 Mon, 20 Aug 2018 08:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365590 The Tribunal dismissed the appeal, affirming that the special reserve created by the bank did not qualify for deduction under Section 36(1)(viia) or Section 36(1)(viii) of the Income Tax Act. The addition of Rs. 1,42,00,000/- made by the Assessing Officer and upheld by the Commissioner of Income-tax (Appeals) was confirmed. The Tribunal emphasized the distinction between provisions for bad and doubtful debts and special reserves, stating that the assessee's attempt to change its deduction claim was not permissible. Case-Laws Income Tax Fri, 17 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365590