2023 (7) TMI 91 - SCH - Income Tax

Disallowance of bad debts as conditions laid down in Section 36(1)(vii) r.w.s. 36(2) not satisfied - debts have been taken over from the sister concerns - High court , following the decision in 2022 (1) TMI 1380 - MADRAS HIGH COURT , confirmed the decision of ITAT deleting the additions - Supreme court found no ground to interfere - Decided against the revenue.

Summary

The Supreme Court of India in 2023 (7) TMI 91 - SC Order, with Hon'ble Mr. Justice S. Ravindra Bhat and Hon'ble Mr. Justice Dipankar Datta, dismissed the Special Leave Petition and condoned the delay. No grounds were found to interfere with the impugned order passed by the High Court. Any pending interlocutory application(s) were disposed of.