https://www.taxtmi.com/caselaws?id=35059 The court upheld the Income Tax Appellate Tribunal's order regarding the addition of a provision for bad debt by a banking company for the assessment year 1994-95. The court ruled that the provision for bad debt claimed was not admissible under Section 36(1)(vii) of the Income Tax Act as it was not actually written off in the accounts. The court emphasized that the provision was not eligible for deduction and dismissed the appeal, affirming the validity of the Tribunal's decision under Section 143(1)(a) of the Act. en-us Wed, 28 May 2008 00:00:00 +0530 Sat, 12 Dec 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35059 The court upheld the Income Tax Appellate Tribunal's order regarding the addition of a provision for bad debt by a banking company for the assessment year 1994-95. The court ruled that the provision for bad debt claimed was not admissible under Section 36(1)(vii) of the Income Tax Act as it was not actually written off in the accounts. The court emphasized that the provision was not eligible for deduction and dismissed the appeal, affirming the validity of the Tribunal's decision under Section 143(1)(a) of the Act. Case-Laws Income Tax Wed, 28 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35059