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Income Tax - Highlights / Catch Notes

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Provision for bad and doubtful debts of standard asset - the ...


Standard Assets Provision Not Same as Bad Debt Provision; Naming Differences Are Significant.

May 7, 2018

Case Laws     Income Tax     AT

Provision for bad and doubtful debts of standard asset - the provision for standard assets cannot be equated with the Provision for bad and doubtful debt and the assessee’s argument that only the nomenclature is different is unacceptable. - AT

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