https://www.taxtmi.com/caselaws?id=253869 The Tribunal allowed the appellant's appeal for statistical purposes, directing the Assessing Officer to verify the write-off of the bad debt in the accounts and allow the claim if the condition is met. The Tribunal emphasized that the requirement under Section 36(1)(vii) is to write off the bad debt in the accounts, not necessarily in the profit and loss account. The decision overturned the CIT(A)'s findings and instructed a re-examination of the write-off by the AO. en-us Fri, 19 Sep 2014 00:00:00 +0530 Sat, 06 Dec 2014 06:31:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253869 The Tribunal allowed the appellant's appeal for statistical purposes, directing the Assessing Officer to verify the write-off of the bad debt in the accounts and allow the claim if the condition is met. The Tribunal emphasized that the requirement under Section 36(1)(vii) is to write off the bad debt in the accounts, not necessarily in the profit and loss account. The decision overturned the CIT(A)'s findings and instructed a re-examination of the write-off by the AO. Case-Laws Income Tax Fri, 19 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253869