https://www.taxtmi.com/caselaws?id=32792 The disallowance of the deduction claimed under Section 36(1)(viii) for a special reserve was deemed legally improper for the Assessment Year 1997-98. The Authority clarified that only the creation, not maintenance, of the special reserve was required for that year. Similarly, the disallowance under Section 36(1)(viia)(c) for bad and doubtful debts reserve was also found legally improper as the substance of the entry, not just the nomenclature, was considered valid for claiming the deduction. en-us Tue, 31 Mar 2009 00:00:00 +0530 Wed, 20 May 2009 09:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32792 The disallowance of the deduction claimed under Section 36(1)(viii) for a special reserve was deemed legally improper for the Assessment Year 1997-98. The Authority clarified that only the creation, not maintenance, of the special reserve was required for that year. Similarly, the disallowance under Section 36(1)(viia)(c) for bad and doubtful debts reserve was also found legally improper as the substance of the entry, not just the nomenclature, was considered valid for claiming the deduction. Case-Laws Income Tax Tue, 31 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32792