https://www.taxtmi.com/caselaws?id=390095 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision to delete the additions made by the Assessing Officer. The Tribunal found that the assessee correctly claimed the deduction for the provision for bad and doubtful debts under Section 36(1)(viia), in line with legislative intent and relevant case law. The Tribunal emphasized that the provision was duly made and reflected in the profit and loss account, supporting the assessee's compliance with guidelines and the encouragement of rural banking as intended by the law. en-us Wed, 18 Dec 2019 00:00:00 +0530 Mon, 23 Dec 2019 16:22:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390095 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision to delete the additions made by the Assessing Officer. The Tribunal found that the assessee correctly claimed the deduction for the provision for bad and doubtful debts under Section 36(1)(viia), in line with legislative intent and relevant case law. The Tribunal emphasized that the provision was duly made and reflected in the profit and loss account, supporting the assessee's compliance with guidelines and the encouragement of rural banking as intended by the law. Case-Laws Income Tax Wed, 18 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390095