Disallowance of Value Added Tax (VAT) written off - assessee has ...

VAT Write-Off Disallowed; Not Processed as Bad Debt u/s 36(2), Allowed as Business Loss u/s 28 & 37.

July 25, 2018

Case Laws Income Tax AT

Disallowance of Value Added Tax (VAT) written off - assessee has neither routed the impugned write off through its profit and loss account nor does it satisfy the basic tenet of bad debt write off claim u/s. 36(2) - assessee’s impugned claim is rather allowable as a business loss u/s 28 r.w.s 37

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Disallowance of Value Added Tax (VAT) written off - assessee has ...

VAT Write-Off Disallowed; Not Processed as Bad Debt u/s 36(2), Allowed as Business Loss u/s 28 & 37.

July 25, 2018

Case Laws Income Tax AT

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