https://www.taxtmi.com/caselaws?id=368393 The ITAT upheld the CIT(A)'s decision, allowing the deduction claimed under section 36(1)(viia) of the Income Tax Act. The ITAT emphasized that the deduction is separate from provisions for bad debts under section 36(1)(vii) and favored the assessee's interpretation. The revenue's appeal was dismissed, affirming the CIT(A)'s order and highlighting the principle of adopting interpretations favoring the assessee. en-us Wed, 03 Oct 2018 00:00:00 +0530 Mon, 08 Oct 2018 07:32:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368393 The ITAT upheld the CIT(A)'s decision, allowing the deduction claimed under section 36(1)(viia) of the Income Tax Act. The ITAT emphasized that the deduction is separate from provisions for bad debts under section 36(1)(vii) and favored the assessee's interpretation. The revenue's appeal was dismissed, affirming the CIT(A)'s order and highlighting the principle of adopting interpretations favoring the assessee. Case-Laws Income Tax Wed, 03 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368393