Kerala State Electricity Board is not entitled to deduction of provision created for bad and doubtful debts, though such provision is created based on guidelines issued by RBI. (AY. 2009-10)
ACIT v. Kerala State Electricity Board. (2019) 174 ITD 21 / 69 ITR 207/ 176 DTR 1 / 198 TTJ 913(Cochin) (Trib.)
S. 36(1)(viia) : Bad debt-Provision for bad and doubtful debts- Schedule Bank-Kerala State Electricity Board is not entitled to deduction of provision created for bad and doubtful debts though such provision is created based on guidelines issued by RBI. [S.36(1)(vii), 36(2)]