https://www.taxtmi.com/caselaws?id=464935 ITAT HYD partly allowed the assessee-bank's appeal. It held that excess provision for bad and doubtful debts u/s 36(1)(viia) must be carried forward and directed deletion of addition towards the opening balance. Deduction for bad debts of non-rural branches u/s 36(1)(vii) and depreciation on diminution in value of investments, including HTM securities, was allowed. Disallowance of broken period interest was rightly deleted by CIT(A). Addition for reversal of unrealized interest on NPAs was sustained, though the alternative claim as bad debts was remanded. Issues relating to agricultural debt relief receipts, recovery of bad debts, 14A disallowance, leave encashment fund interest, correctness of provisions for bad debts, and computation of deduction u/s 36(1)(viii) were remanded to AO for verification and fresh decision as per law. en-us Wed, 28 Aug 2024 00:00:00 +0530 Thu, 20 Nov 2025 15:09:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464935 ITAT HYD partly allowed the assessee-bank's appeal. It held that excess provision for bad and doubtful debts u/s 36(1)(viia) must be carried forward and directed deletion of addition towards the opening balance. Deduction for bad debts of non-rural branches u/s 36(1)(vii) and depreciation on diminution in value of investments, including HTM securities, was allowed. Disallowance of broken period interest was rightly deleted by CIT(A). Addition for reversal of unrealized interest on NPAs was sustained, though the alternative claim as bad debts was remanded. Issues relating to agricultural debt relief receipts, recovery of bad debts, 14A disallowance, leave encashment fund interest, correctness of provisions for bad debts, and computation of deduction u/s 36(1)(viii) were remanded to AO for verification and fresh decision as per law. Case-Laws Income Tax Wed, 28 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464935