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)
You have reached your daily limit of 2 Free Judgements
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited Judgements Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
Already a PRO member? Login here for an ad-free experience.
CS Bijoy
Published in Income Tax
Views : 2454
Comments
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
