#section 36(1)(vii)
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135 articlesIncome Tax

Income Tax
Banks Can Compute 36(1)(viia) on Total Income Including Capital Gains: ITAT Ahmedabad
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GST Paid Due to Supplier Default Allowable as Business Expense: ITAT Chandigarh
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ITAT Dismisses Revenue’s 14A, TDS & LTCG Grounds Against PNB
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CIT(A) Free to Verify Evidence: ITAT Delhi Rejects Rule 46A Objection—All Disallowances Deleted
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Appeal Restored Due to Sufficient Cause Arising from Mismanagement Proceedings
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ITAT Bangalore Upholds 154 Rectification for Non-Rural Bad Debts u/s 36(1)(vii)
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Business Loss of ₹7.66 Cr from NSEL Suspension was allowable as bad debt u/s 36(1)(vii)
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No Double Deduction: ITAT Allows Separate Claims for Bad Debts – Sections 36(1)(vii) & 36(1)(viia)
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Banking Business Allowed: ITAT Confirms Amortization and Standard Asset Provisions are Deductible
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ITAT Pune Allows Foreign Investment Loss as Business Loss, Not Capital Loss
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ITAT Chennai Allows ₹16.84 Lakh Bad Debt Claim from Employee Fraud
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Addition of provision of doubtful debts to book profit u/s. 115JB not sustained
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Bad Debt Relief Under 36(1)(vii) Possible Despite 36(1)(viia) Disallowance: ITAT Cochin
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