Sir,
During scrutiny assessment proceedings, our A.O. want to make addition of unrecoverable debtors of rs 10 Lakhs though we have not claimed them to be bad debts. Can he do so?
Menu
Assessment proceedings
Replies (1)
The Assessing Officer can add back only those expenses which have been debited in profit & loss account. In your case, you havent debited those debtors in profit & loss account i.e. you havent considered bad debts as an expenditure, so the same cannot be added back by assesing officer.
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
