https://www.taxtmi.com/highlights?id=53386 Deduction u/s 36(1)(viia) - provision created for bad and doubtful debts - RBI guidelines prescribes the provision on standard assets from the year ended March 31, 2000 directing the banks to make a general provision of a minimum of 0.25% on standard assets. - Decision rendered by the CIT is unjustifiable for the reason that assessee is bound by the guidelines issued by the Reserve Bank of India. en-us Thu, 14 May 2020 10:17:58 +0530 Thu, 14 May 2020 10:17:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53386 Deduction u/s 36(1)(viia) - provision created for bad and doubtful debts - RBI guidelines prescribes the provision on standard assets from the year ended March 31, 2000 directing the banks to make a general provision of a minimum of 0.25% on standard assets. - Decision rendered by the CIT is unjustifiable for the reason that assessee is bound by the guidelines issued by the Reserve Bank of India. Highlights Income Tax Thu, 14 May 2020 10:17:58 +0530 https://www.taxtmi.com/highlights?id=53386