2021 (1) TMI 126

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..... a requisite reserve in the books of account is a condition precedent for allowance of the claim under Section 36(1)(viia) of the Act? - HELD THAT:- The substantial questions of law framed in this appeal have already been answered against the assessee in M/S. SYNDICATE BANK [ 2020 (2) TMI 1020 - KARNATAKA HIGH COURT] and M/S. VIJAYA BANK [ 2014 (10) TMI 1015 - KARNATAKA HIGH COURT] - Decided in f .....

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..... of a requisite reserve in the books of account is a condition precedent for allowance of the claim under Section 36(1)(viia) of the Act?. 2. The Tribunal was right in holding that the amount deductible under Section 36(1)(viia) of the Act should be restricted to the extent of the amount of provision for bad and doubtful debts created in its books during the relevant previous year? 3. W .....

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