The Income Tax Appellate Tribunal (ITAT) Delhi Bench held that no disallowance could be made on account of bad and doubtful debts claimed under Section 36(1)(viia) of Income Tax Act, 1961 with respect to Non-Performing Assets (NPA). The assessee, Yes Bank Ltd return was revised and declared total income of Rs 22,75,02,02,660/-. Thereafter, the assessee’s…
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