https://www.taxtmi.com/caselaws?id=308772 The Tribunal partly allowed the assessee's appeals for assessment years 2009-10 to 2012-2013. It set aside the lower authorities' orders on the disallowance of deduction claimed under section 36(1)(viia) of the Income Tax Act, emphasizing that the critical factor for allowance was the creation of a provision for bad and doubtful debts, regardless of nomenclature. The Tribunal directed a fresh consideration by the Assessing Officer, highlighting the importance of analyzing the nature of provisions made. en-us Wed, 04 Jul 2018 00:00:00 +0530 Thu, 20 Jul 2023 20:35:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308772 The Tribunal partly allowed the assessee's appeals for assessment years 2009-10 to 2012-2013. It set aside the lower authorities' orders on the disallowance of deduction claimed under section 36(1)(viia) of the Income Tax Act, emphasizing that the critical factor for allowance was the creation of a provision for bad and doubtful debts, regardless of nomenclature. The Tribunal directed a fresh consideration by the Assessing Officer, highlighting the importance of analyzing the nature of provisions made. Case-Laws Income Tax Wed, 04 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308772