“Section 36(2)(viia)”

KOTAK MAHINDRA BANK LIMITED,MUMBAI vs. ADD/JOINT/DEPUTY/ACIT, NATIONAL E-ASSESSMENT CENTRE, DELHI

Bench: Shri Amit Shukla & Shri Gagan Goyal1. Ita No. 4056/Mum/2023 (A.Y.2012-13) 2. Ita No. 4194/Mum/2023 (A.Y.2015-16) 3. Ita No. 3676/Mum/2023 (A.Y.2016-17) 4. Ita No. 4057/Mum/2023 (A.Y.2017-18) 5. Ita No. 3677/Mum/2023 (A.Y.2018-19) Dcit Circle – 2(3) (1), Room No. 552, 5Th Floor, Aayakar Bhavan, M. K. Road, Church Gate, Mumbai- 400 020. ..... Appellant Vs. M/S. Kotak Mahindra Bank Ltd. 27, Bkc, C-27, G-Block, Bandra East, Mumbai-400 051 Pan: Aaack4409J ........ Respondent & 6. C.O. No. 38/Mum/2024(A.Y.2016-17) 7. Ita No. 569/Mum/2023 (A.Y.2017-18) 8. Ita No. 570/Mum/2023 (A.Y.2018-19) M/S. Kotak Mahindra Bank Ltd. 27, Bkc, C-27, G-Block, Bandra East, Mumbai-400 051 Pan: Aaack4409J ..... Appellant 2

that the bad debts allowable on advances made as per provisions of section 36(2)(ii) have to be done in compliance with section 36(2)(viia) and no such deduction can be allowed if the provisioning has been made for business other than banking business." 7 "Whether ... that the bad debts allowable on advances made as per provisions of section 36(2) (v) have to be done in compliance with section 36(2) (viia) and no such deduction can be allowed if the provisioning has been made for business other than banking business. 11. Whether

DCIT-2(3)(1), MUMBAI vs. KOTAK MAHINDRA BANK LIMITED, MUMBAI

Bench: Shri Amit Shukla & Shri Gagan Goyal1. Ita No. 4056/Mum/2023 (A.Y.2012-13) 2. Ita No. 4194/Mum/2023 (A.Y.2015-16) 3. Ita No. 3676/Mum/2023 (Α.Υ.2016-17) 4. Ita No. 4057/Mum/2023 (Α.Υ.2017-18) 5. Ita No. 3677/Mum/2023 (Α.Υ.2018-19) Dcit Circle – 2(3) (1), Room No. 552, 5Th Floor, Aayakar Bhavan, M. K. Road, Church Gate, Mumbai- 400 020. M/S. Kotak Mahindra Bank Ltd. 27, Вкс, С-27, G-Block, Bandra East, Mumbai-400 051 Pan: Aaack4409J Vs. & Appellant 6. C.O. No. 38/Mum/2024(A.Y.2016-17) 7. Ita No. 569/Mum/2023 (Α.Υ.2017-18) 8. Ita No. 570/Mum/2023 (Α.Υ.2018-19) M/S. Kotak Mahindra Bank Ltd. 27, Вкс, С-27, G-Block, Bandra East, Mumbai-400 051 Pan: Aaack4409J Respondent . Appellant

that the bad debts allowable on advances made as per provisions of section 36(2)(ii) have to be done in compliance with section 36(2)(viia) and no such deduction can be allowed if the provisioning has been made for business other than banking business." 7 "Whether ... that the bad debts allowable on advances made as per provisions of section 36(2) (v) have to be done in compliance with section 36(2) (viia) and no such deduction can be allowed if the provisioning has been made for business other than banking business. 11. Whether

CAPIQAL CONSULTANCY SERVICES PRIVATE LIMITED,PANVEL MUMBAI vs. DCIT , PANVEL

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Shri Amarjit Singh & Shri Rahul Chaudhary, Capiqal Consultancy Vs. Dcit, Service Private Limited, Panvel, 1107, Post Sai Village, Mumbai - 410206 Bhomnagar Taluka Panvel, District Raigarh Palghar, Mumbai-410206 "थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aaacm4143K Appellant .. Respondent

doubtful debts account made under that clause.” 5. After referring the aforesaid provision the AO stated that as per provision of Section 36(2)(viia) no debt will be allowed to be written off in the current financial years unless the provisions were made in the previous financial year