Bad debts – S. 36(1)(vii) – No steps taken for recovery
Last updated: 07 June 2008
Court :
Brief :
Debts pending since long – In most cases recovery barred by limitation – Debts written off in books of account – Allowable as deduction – A. Y. 1998-99
Citation :
Khinvasara Investment (P.) Ltd. vs. JCIT (2008) 110 ITD 198 (Pune); Order dated 9-6-2006
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Shefali Bajpai
Published in Income Tax
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