https://www.taxtmi.com/caselaws?id=470433 Deduction for provision for bad and doubtful debts under Section 36(1)(viia) requires creation of a corresponding provision in the books of account. The statutory percentages set only the maximum allowable ceiling and do not create an independent deduction entitlement. Where the provision recorded is lower than that ceiling, the deduction is limited to the amount actually provided in the accounts. The stated conclusion rejects a deduction exceeding the booked provision. en-us Fri, 21 Mar 2025 00:00:00 +0530 Mon, 27 Jul 2026 19:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470433 Deduction for provision for bad and doubtful debts under Section 36(1)(viia) requires creation of a corresponding provision in the books of account. The statutory percentages set only the maximum allowable ceiling and do not create an independent deduction entitlement. Where the provision recorded is lower than that ceiling, the deduction is limited to the amount actually provided in the accounts. The stated conclusion rejects a deduction exceeding the booked provision. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470433