This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
AO Cannot Override Assessee’s Section 36(1)(vii-a) Bad Debt Deduction Option: Madras HC
Case Law Details
- Case Name
- Indian Bank Vs ACIT (Madras High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2001- 2002
- Courts
- All High Courts, Madras High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Indian Bank Vs ACIT (Madras High Court)
Section 36(1)(vii-a) Deduction Cannot Be Denied After Assessee Exercises Statutory Option; HC Allows Bank’s Bad Debt Deduction Claim Due to Exclusive Right of Option; Rectification Under Section 154 Cannot Curtail Assessee’s Choice Under Section 36(1)(vii-a);Madras High Court Rejects Revenue Interpretation of ‘At Its Option’ in Bad Debt Deduction Case.
In, the appeal before the Madras High Court concerned the interpretation of Section 36(1)(vii-a) of the Income Tax Act, 1961, relating to deductions for bad and doubtful debts cl...
Author Info
