Section 36(1)(viia) Deduction for Bad & Doubtful Debts Allowed Regardless of Rural & Non-Rural Advances

DCIT Vs Yes Bank Ltd (ITAT Mumbai)

ITAT Mumbai held that deduction u/s 36(1)(viia) of the Income Tax Act towards Provision for bad and doubtful debts allowable irrespective of rural advance and non-rural advances.

Facts- The return of income filed by the assessee was selected for scrutiny assessment and statutory notices under the Income-tax Act, 1961 were issued and complied with. The assessment u/s 143(3) of the Act was completed on 30.03.2016, assessing total income at

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