After amendment of sec 36(1)(vii) of IT Act 1961 in order to obtained deduction for bad debts it is not necessary to established that the debt is irrecoverable
Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
In this appeal the Revenue has raised three grounds, wherein ground nos. 2 and 3 are general in nature and do not survive for adjudication. The remaining lone issue raised by the Revenue reads as under:
1) The Ld. CIT(A) has erred in law and on facts in directing to allow the Claim of bad debt of Rs.37,09,900/
Citation :
ACIT, Circle-1, Ahmedabad (Appellant) –vs- Ashima DyecotPvt. Ltd., A’bad (PAN: AACCA 2753K)(Respondent)
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CS Bijoy
Published in Income Tax
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