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ITAT set-aside revisional order as view taken by AO while allowing bad debts was one of the possible views

October 9, 2019[2019] 111 352 (Mumbai)/[2019] 179 ITD 764 (Mumbai)

INCOME TAX : Where assessee bank made provisions for bad debt in its books by way of a debit to profit and loss account and also reduced said amount from loans and advances as appearing on asset side in balance sheet, assessee was entitled to deduction under section 36(1)(vii)
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