https://www.taxtmi.com/caselaws?id=302337 The ITAT dismissed the Revenue's appeal and upheld the CIT(A)'s decision to allow relief to the assessee under the main provisions of section 36(1)(viia) for the provision of bad and doubtful debts, irrespective of whether they were on standard assets. The court concluded that the deduction was not limited to bad debts in the books but included provisions for bad and doubtful debts without differentiation between bad assets and standard assets. en-us Wed, 22 Jun 2016 00:00:00 +0530 Wed, 18 May 2022 21:18:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302337 The ITAT dismissed the Revenue's appeal and upheld the CIT(A)'s decision to allow relief to the assessee under the main provisions of section 36(1)(viia) for the provision of bad and doubtful debts, irrespective of whether they were on standard assets. The court concluded that the deduction was not limited to bad debts in the books but included provisions for bad and doubtful debts without differentiation between bad assets and standard assets. Case-Laws Income Tax Wed, 22 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302337