Dismissing the appeal the Court held that, bad debt written off in the books is allowable only to the extent statutorily prescribed. (AY. 1993 -94 , 1994 -95)
South Indian Bank Ltd. v. CIT (2019) 410 ITR 50 (Ker.)(HC)
S. 36(1)(viia) : Bad debt-Provision for bad and doubtful debts – Schedule bank-Allowable only to the extent statutorily prescribed.