https://www.taxtmi.com/caselaws?id=791745 A scheduled bank may claim deduction for provision made toward standard assets under Section 36(1)(viia) where the provision is created in accordance with RBI prudential norms and remains within the statutory ceiling. The provision for bad and doubtful debts is intended to support banking stability and rural credit through prudential provisioning, and standard assets are not excluded by the statutory language. Since RBI norms treat standard assets as carrying inherent credit risk and requiring general provisioning, such amounts fall within the banking risk-management framework contemplated by the deduction. en-us Tue, 05 May 2026 00:00:00 +0530 Sat, 16 May 2026 09:09:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791745 A scheduled bank may claim deduction for provision made toward standard assets under Section 36(1)(viia) where the provision is created in accordance with RBI prudential norms and remains within the statutory ceiling. The provision for bad and doubtful debts is intended to support banking stability and rural credit through prudential provisioning, and standard assets are not excluded by the statutory language. Since RBI norms treat standard assets as carrying inherent credit risk and requiring general provisioning, such amounts fall within the banking risk-management framework contemplated by the deduction. Case-Laws Income Tax Tue, 05 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791745