Assessee entitled to deduct bad debts written off u/s 36(1)(7) ...

Bad debts written off deductible for computing MAT u/s 115JA: SC.

January 15, 2025

Case Laws Income Tax SC

Assessee entitled to deduct bad debts written off u/s 36(1)(7) of Income Tax Act. SC dismissed revenue's SLP against High Court order allowing deduction, following its earlier decisions in Vijaya Bank and HCL Comnet Systems & Services Ltd. cases on treatment of bad debts in computation of book profits for Minimum Alternate Tax u/s 115JA.

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Assessee entitled to deduct bad debts written off u/s 36(1)(7) ...

Bad debts written off deductible for computing MAT u/s 115JA: SC.

January 15, 2025

Case Laws Income Tax SC

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