TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>High Court rules against deductions for bad debts</h1> The High Court dismissed the appeal regarding disallowance of deductions under sections 36(2) and 36(1)(vii) of the Income-tax Act, 1961. The court ruled ... Provision For Irrecoverable Debts The appeal was against disallowance of deductions under section 36(2) and 36(1)(vii) of the Income-tax Act, 1961. The High Court dismissed the appeal as the provisions made for bad and doubtful debts were not allowable deductions due to an amendment. The court held that these amounts should not be considered as trading losses and upheld the decision of the authorities.
TaxTMI 
TaxTMI 
