https://www.taxtmi.com/caselaws?id=801576 Mark-to-market depreciation on a bank's available-for-sale securities, valued at lower of cost or market value under prudential guidelines, is deductible where the bank-specific securities accounting framework applies; a general mark-to-market clarification does not displace that framework. Eligible banks may deduct provisions for bad and doubtful debts within statutory limits without restricting eligibility to advances already classified as bad or doubtful. Provisions on standard assets representing anticipated credit-risk losses may therefore qualify. Minor filing delay may be condoned where sufficient cause is shown, applying a liberal approach that advances substantial justice. en-us Mon, 28 Sep 2026 00:00:00 +0530 Fri, 23 Oct 2026 08:37:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801576 Mark-to-market depreciation on a bank's available-for-sale securities, valued at lower of cost or market value under prudential guidelines, is deductible where the bank-specific securities accounting framework applies; a general mark-to-market clarification does not displace that framework. Eligible banks may deduct provisions for bad and doubtful debts within statutory limits without restricting eligibility to advances already classified as bad or doubtful. Provisions on standard assets representing anticipated credit-risk losses may therefore qualify. Minor filing delay may be condoned where sufficient cause is shown, applying a liberal approach that advances substantial justice. Case-Laws Income Tax Mon, 28 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801576