Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2011 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (1) TMI 408 - ANDHRA PRADESH HIGH COURTDeduction - Bad debt - Provision of section 36(1)(vii) as it existed prior* to April 1, 1989 and after April 1, 1989 - if an assessee writes off a debt or part thereof as irrecoverable in the accounts for the previous year, the same can be allowed as deduction u/s 36(1)(vii) - The controlling words/phrase in clause (vii) is "which is written off as irrecoverable" - No further proof is necessary - Decided in favour of assessee.
|