https://www.taxtmi.com/caselaws?id=372931 The Tribunal allowed the assessee's claim for deduction towards provision for bad and doubtful debts under section 36(1)(viia), subject to prescribed limitations. The matter was remanded to the AO for fresh adjudication, directing confirmation of the exact provision amount. The Tribunal emphasized that future write-offs of bad debts should be debited to the provision account, to be replenished annually based on specified criteria. The Revenue's appeal was disposed of, with the order pronounced on December 04, 2018. en-us Tue, 04 Dec 2018 00:00:00 +0530 Thu, 03 Jan 2019 08:11:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372931 The Tribunal allowed the assessee's claim for deduction towards provision for bad and doubtful debts under section 36(1)(viia), subject to prescribed limitations. The matter was remanded to the AO for fresh adjudication, directing confirmation of the exact provision amount. The Tribunal emphasized that future write-offs of bad debts should be debited to the provision account, to be replenished annually based on specified criteria. The Revenue's appeal was disposed of, with the order pronounced on December 04, 2018. Case-Laws Income Tax Tue, 04 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372931