It is not imperative for assessee-bank to close individual account of each of it’s debtors in it’s books for claiming deduction U/s. 36(1)(vii)

SUPREME COURT OF INDIA,

Vijaya Bank Vs. CIT,

APPEAL NO: CIVIL APPEAL NOS. 3286- 3287 of 2010,

DECIDED ON April 15, 2010

JUDGEMENT
S.H. KAPADIA, J.
Leave granted.

Whether it is imperative for the assessee-Bank to close the individual account of each of it’s debtors in it’s books or a mere reduction in the Loans and Advances or Debtor

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