Bench: S/Shri N.S Saini & Pavan Kumar Gadaleassessment Year : 2011-2012
section 36(1)(vii) of the Act, bad debt actually written off from the books of assessee is admissible for deduction. But the provision made for standard asset is not deductible in view of the decision of Hon’ble Supreme Court in the case of Southern Technology Ltd vs JCIT (2010) 320 ITR 577 (SC). 4. Before