https://www.taxtmi.com/caselaws?id=240705 The appeal challenging the disallowance of bad debts written off under Section 36(1)(vii) for the assessment year 2007-2008 was partially allowed by the Commissioner of Appeals, permitting the deduction for bad debts and excess provision. However, the Tribunal held that bad debts can only be debited to the extent of the balance outstanding in the provision account, resulting in no change in the outcome. The matter regarding disallowance under Section 14A and deduction for excess provision written back were remitted for fresh examination, ultimately leading to the dismissal of the appeal as no substantial question of law arose for consideration. en-us Fri, 01 Nov 2013 00:00:00 +0530 Tue, 10 Dec 2013 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240705 The appeal challenging the disallowance of bad debts written off under Section 36(1)(vii) for the assessment year 2007-2008 was partially allowed by the Commissioner of Appeals, permitting the deduction for bad debts and excess provision. However, the Tribunal held that bad debts can only be debited to the extent of the balance outstanding in the provision account, resulting in no change in the outcome. The matter regarding disallowance under Section 14A and deduction for excess provision written back were remitted for fresh examination, ultimately leading to the dismissal of the appeal as no substantial question of law arose for consideration. Case-Laws Income Tax Fri, 01 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240705