Relief to SBI: ITAT allows Income Tax Deduction on Bad and Doubtful Debts [Read Order]

SBI - ITAT - allows - Income - Tax - Deduction - on - Bad - and - Doubtful - Debts - TAXSCAN

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), deduction on bad and doubtful debts thereby granting relief to the State Bank of India (SBI). The assessee is a scheduled bank and has claimed deduction under section 36(1)(viia) of the Income Tax Act, 1961 in respect of provision made for bad and doubtful debts….

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