2010 (3) TMI 1289 - HC - Income Tax

Summary

The High Court of Karnataka heard an appeal regarding the deduction for bad debts under Section 36 of the Income Tax Act, specifically related to the London Branch of the respondent bank. The court remitted the matter back to the Assessing Officer for reconsideration, directing consideration of the Double Taxation Avoidance Agreement. The decision was influenced by a similar direction in a previous case, leading to the appeal being disposed of.