https://www.taxtmi.com/caselaws?id=470502 Revisionary jurisdiction cannot be used to reopen a bad-debt deduction claim that was scrutinised, verified and accepted in both assessment and reassessment proceedings. The claim concerned bad debts written off against provisions created before the statutory treatment applicable to co-operative banks. Further verification of the same settled issue would improperly unsettle completed assessments. The revision order was therefore without jurisdiction, and the bad-debt deduction remained allowable. en-us Tue, 28 Jun 2022 00:00:00 +0530 Wed, 29 Jul 2026 18:28:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470502 Revisionary jurisdiction cannot be used to reopen a bad-debt deduction claim that was scrutinised, verified and accepted in both assessment and reassessment proceedings. The claim concerned bad debts written off against provisions created before the statutory treatment applicable to co-operative banks. Further verification of the same settled issue would improperly unsettle completed assessments. The revision order was therefore without jurisdiction, and the bad-debt deduction remained allowable. Case-Laws Income Tax Tue, 28 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470502