M/S. SOUTHERN TECHNOLOGIES LTD. vs. JOINT COMMNR. OF INCOME TAX, COIMBATORE
C.A. No.-001337-001337 - 2003Supreme Court11 Jan 2010
Section 145Section 2(24)Section 36(1)(vii)Section 37Section 37(1)
40A.
Such disallowances alone could be added back to the taxable income. The
IT Act does not disallow a provision for NPA; that, unless the “provision for
NPA” is specifically disallowed under the IT Act, the same cannot be added
back and, hence, such a provision for NPA cannot be added back in
computing the taxable income. According
