https://www.taxtmi.com/caselaws?id=234078 The Court upheld the Tribunal's decision regarding the deletion of an addition of Rs.2,84,28,000 as a trade debt advance. It was determined that the provision for bad debt deduction was correctly claimed under Section 37, not Section 36, and had been accounted for in previous income calculations. The Court rejected the Revenue's appeal, affirming the Tribunal's findings and dismissing the case. en-us Fri, 10 May 2013 00:00:00 +0530 Tue, 28 May 2013 11:47:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234078 The Court upheld the Tribunal's decision regarding the deletion of an addition of Rs.2,84,28,000 as a trade debt advance. It was determined that the provision for bad debt deduction was correctly claimed under Section 37, not Section 36, and had been accounted for in previous income calculations. The Court rejected the Revenue's appeal, affirming the Tribunal's findings and dismissing the case. Case-Laws Income Tax Fri, 10 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234078