https://www.taxtmi.com/caselaws?id=467260 Remitted claim: the tribunal directed fresh consideration of an assessee's payment of insurance premiums for employee leave-encashment under the general business-expense principle and ordered the appellate authority to hear the assessee on the asserted applicability of the statutory disallowance provision where payment (not merely provisioning) was made. Deduction affirmed: the tribunal held that, for specified banking assessees, statutory provision for bad and doubtful debts permits deduction of provisions including those in respect of standard assets, and it sustained the appellate allowance of those provisions within the provision's framework. en-us Wed, 03 Jan 2018 00:00:00 +0530 Thu, 12 Mar 2026 19:16:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467260 Remitted claim: the tribunal directed fresh consideration of an assessee's payment of insurance premiums for employee leave-encashment under the general business-expense principle and ordered the appellate authority to hear the assessee on the asserted applicability of the statutory disallowance provision where payment (not merely provisioning) was made. Deduction affirmed: the tribunal held that, for specified banking assessees, statutory provision for bad and doubtful debts permits deduction of provisions including those in respect of standard assets, and it sustained the appellate allowance of those provisions within the provision's framework. Case-Laws Income Tax Wed, 03 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467260