Allowance of Bad-debts u/s 36(1)(vii) - There is no requirement...
Section 36(1)(vii) Income Tax Act: No Need to Prove Debt Irrecoverable for Bad Debt Deduction.
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Income TaxSeptember 30, 2013Case LawsHC
Allowance of Bad-debts u/s 36(1)(vii) - There is no requirement to establish that debts has become irrecoverable in the accounts of the assessee for the previous year. - HC