https://www.taxtmi.com/caselaws?id=240629 The Tribunal upheld the decisions of the CIT(A) in allowing the deduction for bad debts written off and legal and professional charges. The Tribunal found that the assessee had met all conditions for the deduction under section 36(1)(vii) of the Income-tax Act, 1961, regarding bad debts. Regarding the legal and professional charges, the Tribunal emphasized that once the commercial expediency of a payment is accepted and tax deducted at source is effected, the deduction must be allowed. The Revenue's appeal was dismissed, affirming the decisions in favor of the assessee on both issues. en-us Fri, 11 Jan 2013 00:00:00 +0530 Wed, 19 Jun 2013 14:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240629 The Tribunal upheld the decisions of the CIT(A) in allowing the deduction for bad debts written off and legal and professional charges. The Tribunal found that the assessee had met all conditions for the deduction under section 36(1)(vii) of the Income-tax Act, 1961, regarding bad debts. Regarding the legal and professional charges, the Tribunal emphasized that once the commercial expediency of a payment is accepted and tax deducted at source is effected, the deduction must be allowed. The Revenue's appeal was dismissed, affirming the decisions in favor of the assessee on both issues. Case-Laws Income Tax Fri, 11 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240629