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Income Tax - Highlights / Catch Notes

Home Highlights February 2013 Year 2013 This

Claim of Bed Debts in the revised return - the assessee has ...


Assessee's Bad Debt Claim Denied for Not Writing Off Debt in Books u/s 36(1)(vii) of Income Tax Act.

February 25, 2013

Case Laws     Income Tax     AT

Claim of Bed Debts in the revised return - the assessee has failed to even satisfy the first precondition envisaged in S.36(1)(vii) of writing off of the debt in its books of account. - AT

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