Deduction u/s 36(1)(vii) - excess provision made in the accounts ...

Tribunal's Error in Allowing NPA Deduction Appeal Without Fact Verification; Assessing Officer to Reassess u/s 36(1)(vii.

August 11, 2023

Case Laws Income Tax HC

Deduction u/s 36(1)(vii) - excess provision made in the accounts towards NPA - Tribunal was clearly in error in allowing the appeal preferred by the assessee through a mere application of a ratio in Vijaya Bank - the Tribunal ought to have ascertained whether the factual situation that was established in Vijaya Bank (Supra) existed in the instant case. - AO directed to re-do the assessment - HC

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Deduction u/s 36(1)(vii) - excess provision made in the accounts ...

Tribunal's Error in Allowing NPA Deduction Appeal Without Fact Verification; Assessing Officer to Reassess u/s 36(1)(vii.

August 11, 2023

Case Laws Income Tax HC

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