https://www.taxtmi.com/caselaws?id=282736 The appeal challenged the disallowance of provision against Bank's Debtors as per RBI guidelines. The Tribunal directed the Assessing Officer to delete the disallowance of Rs. 1,93,30,000/- following a precedent involving a Co-operative Bank. Emphasizing alignment with RBI guidelines, the Tribunal allowed the provision, stating it served the purpose of creating a reserve for bad and doubtful debts. The decision highlighted the importance of consistency in applying legal principles and aligning provisions with regulatory guidelines to ensure fair outcomes. en-us Mon, 04 Sep 2017 00:00:00 +0530 Wed, 21 Aug 2019 20:14:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282736 The appeal challenged the disallowance of provision against Bank's Debtors as per RBI guidelines. The Tribunal directed the Assessing Officer to delete the disallowance of Rs. 1,93,30,000/- following a precedent involving a Co-operative Bank. Emphasizing alignment with RBI guidelines, the Tribunal allowed the provision, stating it served the purpose of creating a reserve for bad and doubtful debts. The decision highlighted the importance of consistency in applying legal principles and aligning provisions with regulatory guidelines to ensure fair outcomes. Case-Laws Income Tax Mon, 04 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282736