2018 (7) TMI 1989

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.... ORDER Per Pramod Kumar, AM: 1. By way of this appeal, the Assessing Officer has challenged correctness of the order dated 30.01.2015, passed by the learned CIT(A)-2, Ahmedabad for the assessment year 2011-12, on the following ground: "The Ld. CIT(A) has erred in law and on facts in deleting the disallowance amounting to Rs. 3,89,90,537/- made by AO on account of provision for bad ....

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....Limited vs. CIT (323 ITR 397) which holds that a mere write off of the bad debts in the books of account, as irrecoverable, is sufficient to claim deductions as bad debts. Learned CIT(A) was, therefore, quite justified in granting relief to the assessee on this issue. As far provision of Rs. 88,38,79,657/- is concerned, undoubtedly there is nothing on record to show, or even indicate, that these a....

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....rder passed by the learned Tribunal. The learned Tribunal, while allowing the claim of the assessee of deduction of Rs. 2,18,05,3927- u/s. 36(1)(vii) of the Act, as bad debts, the learned Tribunal has heavily relied on the decision of the Hon'ble Supreme Court in the case of Vijaya Bank v. CIT, reported in (2010) 323 ITR 166. We have also considered the decision of Hon'ble Supreme Court in....

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.... learned Tribunal. We see no reason to interfere with the impugned judgment and order passed by the learned Tribunal." 7. In view of the above discussions, as also bearing in mind entirety of the case, we approve the conclusions arrived at by the learned CIT(A) and decline to interfere in the matter." 3. We see no reasons to take any other view of the matter than the view so taken by the co-....