33 results for “reassessment u/s 147”+ Section 36(1)(viia)clear
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reassessment proceedings for those years were pending. During the assessment proceedings, the assessee originally claimed deduction of Rs.21,03,27,765/-u/s.36(1)(viia), computed at 7.5% of total income plus 10% of aggregate average rural advances, as per the statutory formula. The AO observed that the actual provision created in the books of account for bad and doubtful debts