https://www.taxtmi.com/highlights?id=71006 Revision u/s 263 by CIT - deduction u/s 36(1)(viia) - Provision for bad debts - Once a provision, under whatever name, is debited in the profit and loss account, then it is can be allowed, provided it is within the limits specified. None of the lower authorities had carefully gone into nature of the debits. It was for the assessee to show that these were indeed provisions for bad and doubtful debts. - AT en-us Thu, 20 Jul 2023 08:29:35 +0530 Thu, 20 Jul 2023 14:19:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71006 Revision u/s 263 by CIT - deduction u/s 36(1)(viia) - Provision for bad debts - Once a provision, under whatever name, is debited in the profit and loss account, then it is can be allowed, provided it is within the limits specified. None of the lower authorities had carefully gone into nature of the debits. It was for the assessee to show that these were indeed provisions for bad and doubtful debts. - AT Highlights Income Tax Thu, 20 Jul 2023 08:29:35 +0530 https://www.taxtmi.com/highlights?id=71006