Taxpayer Can Write Off Bad Debts Post-Financial Year If Subsequent Events Clarify Financial Position by 31.03.2008.

Taxpayer Can Write Off Bad Debts Post-Financial Year If Subsequent Events Clarify Financial Position by 31.03.2008. https://www.taxtmi.com/highlights?id=15345 Validity of writing off bad-debts after the end of financial year - In the case evidence is post 31.13.2008, the assessee's claim would be valid only where the event/s enables assessment of the position as obtaining on 31.03.2008, and not otherwise. - AT en-us Mon, 28 Oct 2013 16:26:43 +0530 Mon, 28 Oct 2013 16:26:43 +0530 TaxTMI RSS Generator Taxpayer Can Write Off Bad Debts Post-Financial Year If Subsequent Events Clarify Financial Position by 31.03.2008. https://www.taxtmi.com/highlights?id=15345 Validity of writing off bad-debts after the end of financial year - In the case evidence is post 31.13.2008, the assessee's claim would be valid only where the event/s enables assessment of the position as obtaining on 31.03.2008, and not otherwise. - AT Highlights Income Tax Mon, 28 Oct 2013 16:26:43 +0530 https://www.taxtmi.com/highlights?id=15345