Deduction Claim Valid for Bad Debt Write-offs of Revenue Advances u/s 36(1)(vii) of Income Tax Act.

Deduction Claim Valid for Bad Debt Write-offs of Revenue Advances u/s 36(1)(vii) of Income Tax Act. https://www.taxtmi.com/highlights?id=20744 Bed debts - once the advances made are held to be of revenue nature, then, the other consequence of claim of deduction u/s 36(1)(vii) would automatically follow if the assessee actually has written them off in its books of account as bad debt - AT en-us Sun, 23 Nov 2014 12:11:57 +0530 Sun, 23 Nov 2014 12:11:57 +0530 TaxTMI RSS Generator Deduction Claim Valid for Bad Debt Write-offs of Revenue Advances u/s 36(1)(vii) of Income Tax Act. https://www.taxtmi.com/highlights?id=20744 Bed debts - once the advances made are held to be of revenue nature, then, the other consequence of claim of deduction u/s 36(1)(vii) would automatically follow if the assessee actually has written them off in its books of account as bad debt - AT Highlights Income Tax Sun, 23 Nov 2014 12:11:57 +0530 https://www.taxtmi.com/highlights?id=20744