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2010 (4) TMI 40 - DELHI HIGH COURTBad debt under section 36(1)(vii) – – The assessee had written off an amount of Rs.81,28,269/- during the year in question on account of bad debts. In this case Delhi High Court on the basis of Tribunal took the view that once the assessee had written off the outstanding amounts as irrecoverable in its books of accounts, it was sufficient compliance of the provisions indicated above and, therefore, the Assessing Officer ought not to have disallowed the deduction on account of bad debts written off by the assessee held that no interference with the Tribunal’s order is called for and, in any event, no substantial question of law arises for our consideration. The appeal is dismissed. – Decision in favor of assessee – against the revenue
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