High Court of Judicature at Bombay Rules in Favor of Industrial Development Bank of India on Deductions under Section 36(1) of Income Tax Act. The Bombay High Court adjudicates the scope of deductions for bad debts and provisions for doubtful debts under Section 36(1)(vii) and (viia) in Income Tax Appeals concerning Industrial Development Bank of India.
19 Sep 2024This judgment deals with two Income Tax Appeals (No. 511 of 2004 and No. 510 of 2004), involving the Industrial Development Bank of India (IDBI), amal...
