Provision for bad & doubtful debts not allowable unless provided in Books of Accounts

ITAT COCHIN BENCH Kottakkal Co-op Urban Bank Ltd. versus Income-tax Officer IT Appeal No. 369 (Coch.) of 2011 [ASSESSMENT YEAR 2007-08] NOVEMBER  16, 2012 ORDER B.R. Baskaran, Accountant Member The appeal of the assessee is directed against the order dated 24-02-2011 passed by Ld CIT(A)-II, Kozhikode and it relates to the assessment year 2007-08. The assessee is aggrieved by the decision of Ld CIT(A) in confirming the dis allowance of claim of provision for bad and doubtful debts made u/s 36(1)(viia) of the Act. 2. The facts relating to the above said issue are stated in b...