https://www.taxtmi.com/caselaws?id=210507 The tribunal allowed the deduction of bad debts written off by the respondent-assessee under Section 36(1)(vii), as the conditions in Section 36(2) were met, and the bad debt was written off in the books of accounts. The tribunal also permitted the deduction of Rs.1,99,856/- paid to NSE and DSE as business expenses, as they were incurred during the course of business and not penalties. The appeal was dismissed, upholding the tribunal's findings without any substantial question of law. en-us Thu, 02 Feb 2012 00:00:00 +0530 Tue, 13 Mar 2012 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210507 The tribunal allowed the deduction of bad debts written off by the respondent-assessee under Section 36(1)(vii), as the conditions in Section 36(2) were met, and the bad debt was written off in the books of accounts. The tribunal also permitted the deduction of Rs.1,99,856/- paid to NSE and DSE as business expenses, as they were incurred during the course of business and not penalties. The appeal was dismissed, upholding the tribunal's findings without any substantial question of law. Case-Laws Income Tax Thu, 02 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210507