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Income Tax - Highlights / Catch Notes

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Deduction u/s 36 (1) (vii) - ITAT allowing pure loan as Bad debt ...

Case Laws     Income Tax

November 17, 2021

Deduction u/s 36 (1) (vii) - ITAT allowing pure loan as Bad debt - bad debts or part thereof taken into account in computing income of the assessee for an earlier Assessment Year before such debt or part thereof is written off is satisfied. - Tribunal has not committed any perversity or applied incorrect principles to the given facts - HC

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