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Interest on bad & doubtful debts kept in reserve account eligible for deduction u/s. 43D
Case Law Details
- Case Name
- American Express Bank Ltd. Vs Additional Commissioner of Income-tax (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- ITAT Mumbai
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IN THE ITAT MUMBAI BENCH ‘L’
American Express Bank Ltd.
versus
Additional Commissioner of Income-tax
IT APPEAL NO. 5374 (MUM.) OF 2001
INT. T.A. NO. 97 (MUM.) OF 2001
[ASSESSMENT YEAR 1998-99]
AUGUST 10, 2012
ORDER
I.P. Bansal, Judicial Member
Both the aforementioned appeals are filed by the assessee. They are directed against two separate orders of Ld. CIT(A)-VII, Mumbai, both dated 14/6/2001, one in respect of assessment framed under section 143(3) of the Income Tax Act, 1961 (the Act) and other against assessment made under section 8(2) of the Interest Tax A...
