Bed debts - once the advances made are held to be of revenue ...

Deduction Claim Valid for Bad Debt Write-offs of Revenue Advances u/s 36(1)(vii) of Income Tax Act.

November 23, 2014

Case Laws Income Tax AT

Bed debts - once the advances made are held to be of revenue nature, then, the other consequence of claim of deduction u/s 36(1)(vii) would automatically follow if the assessee actually has written them off in its books of account as bad debt - AT

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Bed debts - once the advances made are held to be of revenue ...

Deduction Claim Valid for Bad Debt Write-offs of Revenue Advances u/s 36(1)(vii) of Income Tax Act.

November 23, 2014

Case Laws Income Tax AT

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