BAD DEBTS
Last updated: 24 September 2007
Court :
HC
Brief :
Held by the Hon`ble Court that, it is not necessary to establish that debt had become bad only to write it off as irrecoverable in its accounts is enough to claim deduction u/s 36(1)(vii).
Citation :
Autometers Ltd. Vs. C.I.T.
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CA.Saibaburao Nanduri
Published in Income Tax
Views : 41
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