2002 (1) TMI 61

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....whereby the claim of deduction of Rs. 81,68,516 and Rs. 15,27,676 were disallowed as the deductions under section 36(2) and 36(1)(vii) of the Income-tax Act, 1961. Obviously, these amounts were the provisions made and were earlier allowable under section 36(1)(vii). However, thereafter an amendment came to be made by adding Explanation to section 36, because of which any provisions made for bad an....