https://www.taxtmi.com/caselaws?id=296189 The Tribunal upheld the disallowance under Section 36(1)(viia) of the Income Tax Act, restricting the deduction to the provision made in the books. It also affirmed the adjustment of brought forward losses for computing total income under the same section. Additionally, it supported the view that Section 115JB does not apply to banking companies, thus not adjudicating related grounds. The Tribunal's decisions aligned with legal precedents and previous rulings in the assessee's cases, leading to the dismissal of both appeals. en-us Thu, 21 Jun 2018 00:00:00 +0530 Fri, 09 Jul 2021 09:32:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296189 The Tribunal upheld the disallowance under Section 36(1)(viia) of the Income Tax Act, restricting the deduction to the provision made in the books. It also affirmed the adjustment of brought forward losses for computing total income under the same section. Additionally, it supported the view that Section 115JB does not apply to banking companies, thus not adjudicating related grounds. The Tribunal's decisions aligned with legal precedents and previous rulings in the assessee's cases, leading to the dismissal of both appeals. Case-Laws Income Tax Thu, 21 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296189