323 ITR

Sec. 36(1), Sec. 36(1)(vii)

S.C : Whether it is imperative for the assessee-bank to close the individual account of each of its debtors in its books or a mere reduction in the loans and advances or debtors on the asset side of its balance sheet to the extent of the provision for bad debt would be sufficient to constitute a write off is the question which we are required to answer in these civil appeals

Supreme Court Of India Vijaya Bank vs. CIT & Anr. Section 36(1)(vii) Asst. Year 1993-94 & 1994-95 S.H. Kapadia &

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