https://www.taxtmi.com/caselaws?id=202988 The Tribunal held that the share broker assessee is entitled to a deduction under Section 36(1)(vii) for bad debts if the brokerage/commission income from related transactions was included in taxable income. The case was remanded to the Assessing Officer for verifying the quantification of the bad debt deduction, including margin money adjustments and sale proceeds of undelivered shares. Both appeals were allowed for statistical purposes. en-us Wed, 22 Sep 2010 00:00:00 +0530 Fri, 29 Apr 2011 07:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202988 The Tribunal held that the share broker assessee is entitled to a deduction under Section 36(1)(vii) for bad debts if the brokerage/commission income from related transactions was included in taxable income. The case was remanded to the Assessing Officer for verifying the quantification of the bad debt deduction, including margin money adjustments and sale proceeds of undelivered shares. Both appeals were allowed for statistical purposes. Case-Laws Income Tax Wed, 22 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202988