https://www.taxtmi.com/caselaws?id=21876 HC dismissed Revenue's appeal, upholding the Tribunal's findings. It held that the assessee had, in fact, made a valid provision for bad and doubtful debts within the ceiling under section 36(1)(vii)(a), and therefore the Revenue's contention that no such provision existed was contrary to the Tribunal's factual finding and did not give rise to any substantial question of law. On the addition of interest for the broken period, the HC held that such interest had neither accrued nor crystallised into a debt, and, applying section 18 as a specific provision overriding section 5, ruled that no taxable income arose in the hands of the assessee. en-us Wed, 10 Jul 1991 00:00:00 +0530 Mon, 08 Dec 2025 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21876 HC dismissed Revenue's appeal, upholding the Tribunal's findings. It held that the assessee had, in fact, made a valid provision for bad and doubtful debts within the ceiling under section 36(1)(vii)(a), and therefore the Revenue's contention that no such provision existed was contrary to the Tribunal's factual finding and did not give rise to any substantial question of law. On the addition of interest for the broken period, the HC held that such interest had neither accrued nor crystallised into a debt, and, applying section 18 as a specific provision overriding section 5, ruled that no taxable income arose in the hands of the assessee. Case-Laws Income Tax Wed, 10 Jul 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21876