https://www.taxtmi.com/caselaws?id=420447 Sections 36(1)(vii) and 36(1)(viia) operate in distinct fields, and the proviso against double deduction applies only to the same debt; on that basis, deduction for bad debts written off in respect of non-rural advances was treated as allowable in principle. The computation of deduction for provision for bad and doubtful debts under section 36(1)(viia), including the Rule 6ABA methodology, required proper factual verification of rural and non-rural advances. Where the quantum was not correctly worked out on the existing material, the assessment had to be reconsidered by the Assessing Officer after giving the assessee an opportunity. en-us Mon, 07 Mar 2022 00:00:00 +0530 Mon, 25 Sep 2023 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420447 Sections 36(1)(vii) and 36(1)(viia) operate in distinct fields, and the proviso against double deduction applies only to the same debt; on that basis, deduction for bad debts written off in respect of non-rural advances was treated as allowable in principle. The computation of deduction for provision for bad and doubtful debts under section 36(1)(viia), including the Rule 6ABA methodology, required proper factual verification of rural and non-rural advances. Where the quantum was not correctly worked out on the existing material, the assessment had to be reconsidered by the Assessing Officer after giving the assessee an opportunity. Case-Laws Income Tax Mon, 07 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420447