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STATE BANK OF PATIALA versus COMMISSIONER OF INCOME-TAX

Company Circuits Applicable Profit Capital Difference between Reserves and Provisions The amount provided for bad and doubtful loans in the Banking Company Balance Sheet is not allocated for bad loans. Balance in the path of capital and reserve as a reserve. (B) the first schedule of Schedule I & 11 of the Second Schedule Companies (Profit) Circuits Act, 1964, and Schedule I & 11 of R1 (iii) [CIT v. Office of Patiala (1993) 203 ITR 150 upside down] jobs for advocates from Gujrat lawyer