Court Rules on Tax Deductions: Profit Apportionment Not Equivalent to Bad Debt Provision Under Income Tax Act Sections 36(1)(viia) & (viii.

Court Rules on Tax Deductions: Profit Apportionment Not Equivalent to Bad Debt Provision Under Income Tax Act Sections 36(1)(viia) & (viii. https://www.taxtmi.com/highlights?id=40940 Deduction u/s 36(1)(viia) or u/s 36(1)(viii) - creation of special reserve fund - the assessee has tried to equate the apportionment of profit against an expenditure for provision for bad and doubtful debts which in our view is not possible. en-us Mon, 20 Aug 2018 08:09:42 +0530 Mon, 20 Aug 2018 08:09:42 +0530 TaxTMI RSS Generator Court Rules on Tax Deductions: Profit Apportionment Not Equivalent to Bad Debt Provision Under Income Tax Act Sections 36(1)(viia) & (viii. https://www.taxtmi.com/highlights?id=40940 Deduction u/s 36(1)(viia) or u/s 36(1)(viii) - creation of special reserve fund - the assessee has tried to equate the apportionment of profit against an expenditure for provision for bad and doubtful debts which in our view is not possible. Highlights Income Tax Mon, 20 Aug 2018 08:09:42 +0530 https://www.taxtmi.com/highlights?id=40940