https://www.taxtmi.com/caselaws?id=313466 ITAT Chennai reversed CIT(A)'s order allowing full deduction u/s. 36(1)(viia) for NPA provision. Assessee claimed higher amount in return than actual provision made. Following State Bank of Patiala precedent, ITAT held that deduction is limited to provision amount actually made in books for bad and doubtful debts. Revenue's appeal was allowed, restricting deduction to provision made rather than entire claimed amount. en-us Fri, 09 Apr 2021 00:00:00 +0530 Tue, 16 Apr 2024 20:37:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313466 ITAT Chennai reversed CIT(A)'s order allowing full deduction u/s. 36(1)(viia) for NPA provision. Assessee claimed higher amount in return than actual provision made. Following State Bank of Patiala precedent, ITAT held that deduction is limited to provision amount actually made in books for bad and doubtful debts. Revenue's appeal was allowed, restricting deduction to provision made rather than entire claimed amount. Case-Laws Income Tax Fri, 09 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313466