https://www.taxtmi.com/caselaws?id=395262 The Tribunal partially allowed the appeal of the assessee concerning disallowance under section 36(1)(viia) for provision of bad debts. The decision centered on the interpretation of the provision for bad debts under section 36(1)(viia) for standard assets, following a precedent from the High Court of Karnataka. The Tribunal permitted the deduction for the provision on standard assets based on RBI guidelines. The issue of disallowance under section 36(1)(vii) was not pursued by the assessee and was consequently dismissed by the Tribunal. en-us Tue, 07 Jan 2020 00:00:00 +0530 Thu, 14 May 2020 10:17:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395262 The Tribunal partially allowed the appeal of the assessee concerning disallowance under section 36(1)(viia) for provision of bad debts. The decision centered on the interpretation of the provision for bad debts under section 36(1)(viia) for standard assets, following a precedent from the High Court of Karnataka. The Tribunal permitted the deduction for the provision on standard assets based on RBI guidelines. The issue of disallowance under section 36(1)(vii) was not pursued by the assessee and was consequently dismissed by the Tribunal. Case-Laws Income Tax Tue, 07 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395262