High Court affirmed the order of Tribunal deleting the disallowance and provision for bad and doubtful debts.(AY.2013-14 to 2015-16)
PCIT v. Oriental Bank Of Commerce Ltd. (2024) 464 ITR 563 (Delhi)(HC)
S. 37(1) : Business expenditure-Interest on overdue deposits-Ascertained liability-Provision for bad and doubtful debts allowable as deduction. [S. 36(1)(vii), 145]