Court held that once a provision is made and the amount of deduction is within the limit prescribed under the Act, the assessee would be entitled to deduction of the amount for which provision is made in the books of account. The language employed in section 36(1)(viia) of the Act is clear and unambiguous. In the absence of any provision the assessee is not entitled to deduction. The assessee is entitled to deduction to the extent provision is made in the accounts subject to the limit mentioned in section 36(1)(viia)(
CIT . v Syndicate Bank (2020) 422 ITR 460 /107 CCH 0450 / 188 DTR 272 / 274 Taxman 522(Karn)(HC)
S. 36(1)(viia) :Bad debt-Provision for bad and doubtful debts – Schedule bank – Entitled to deduction to the extent provision is made in the accounts subject to the limit mentioned in S.36(1)(viia) of the Act .