https://www.taxtmi.com/caselaws?id=470459 Bad debts written off against provisions created by a co-operative bank before 1 April 2006 were treated as deductible because the statutory deduction for provisions for bad and doubtful debts applied to co-operative banks only from assessment year 2007-08. The earlier provision therefore fell outside that statutory regime, and it had not previously been allowed as a deduction. The write-off concerned advances classified as non-performing assets before that date; no separate claim was made for the balance write-off relating to later non-performing assets. en-us Fri, 30 Jun 2023 00:00:00 +0530 Tue, 28 Jul 2026 17:50:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470459 Bad debts written off against provisions created by a co-operative bank before 1 April 2006 were treated as deductible because the statutory deduction for provisions for bad and doubtful debts applied to co-operative banks only from assessment year 2007-08. The earlier provision therefore fell outside that statutory regime, and it had not previously been allowed as a deduction. The write-off concerned advances classified as non-performing assets before that date; no separate claim was made for the balance write-off relating to later non-performing assets. Case-Laws Income Tax Fri, 30 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470459