Interest on bad & doubtful debts kept in reserve account eligible for deduction u/s. 43D

 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...