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NBFCs : Where Assessing Officer disallowed provision made by assessee-NBFC against standard assets on ground that it was a contingent unascertained liability and hence not allowable as deduction, since Assessing Officer failed to consider provisions of section 36(1)(viia)(d) introduced with effect from 1-4-2017 allowing NBFCs to make provision for bad and doubtful debts at rate of 5 per cent, matter was to be set aside to Assessing Officer for denovo adjudication – Shrijeet Finance (P.) Ltd. v. Assistant Commissioner of Income-tax – [2024] 162 243 (Pune – Trib.)



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