Held that the quantum of deduction arrived at by the Assessing Officer was not based on the documents produced by the assessee. The Commissioner (Appeals) as well as the Tribunal did not look into those aspect, while allowing the deduction claimed by the assessee. limited purpose, the matter had to be re-examined by the Assessing Officer.(AY.2003-04)
CIT v. City Union Bank Ltd. (2023) 456 ITR 513 (Mad)(HC)
S. 36(1)(viia) : Bad debt-Provision for bad and doubtful debts-Schedule bank-Advances written off-Allowable as deduction-Limited purpose the matter is remanded to the Assessing Officer. [S. 36(1)(v), S.36(1)(vii), 36(2)]