https://www.taxtmi.com/caselaws?id=409490 The Karnataka HC ruled on deduction claims under Section 36(1)(viia) regarding bad and doubtful debts. The court held that deduction is limited to amounts actually provided in books, subject to statutory limits. The assessee cannot claim excess deductions beyond prescribed limits. However, the court ruled that the 7.5% deduction rate should be computed on total income before setting off brought forward losses, not after. The HC partially favored revenue on the provision limitation issue but favored the assessee on the computation method for brought forward losses. en-us Fri, 18 Jun 2021 00:00:00 +0530 Thu, 05 Jun 2025 13:10:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409490 The Karnataka HC ruled on deduction claims under Section 36(1)(viia) regarding bad and doubtful debts. The court held that deduction is limited to amounts actually provided in books, subject to statutory limits. The assessee cannot claim excess deductions beyond prescribed limits. However, the court ruled that the 7.5% deduction rate should be computed on total income before setting off brought forward losses, not after. The HC partially favored revenue on the provision limitation issue but favored the assessee on the computation method for brought forward losses. Case-Laws Income Tax Fri, 18 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409490