https://www.taxtmi.com/caselaws?id=265264 The Court dismissed the appeal challenging the ITAT's decision on the deduction of bad debts written off during assessment proceedings. The ITAT remanded the matter to the AO to ascertain if the bad debts were considered in income computation. The Appellant argued against allowing the deduction without a revised return, citing a precedent, but the Court found no substantial question of law. The judgment highlighted the difference between the AO's and CIT (A)'s authority to entertain deduction claims, emphasizing the importance of verifying bad debts' treatment for deduction eligibility. en-us Tue, 25 Aug 2015 00:00:00 +0530 Sat, 05 Mar 2016 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265264 The Court dismissed the appeal challenging the ITAT's decision on the deduction of bad debts written off during assessment proceedings. The ITAT remanded the matter to the AO to ascertain if the bad debts were considered in income computation. The Appellant argued against allowing the deduction without a revised return, citing a precedent, but the Court found no substantial question of law. The judgment highlighted the difference between the AO's and CIT (A)'s authority to entertain deduction claims, emphasizing the importance of verifying bad debts' treatment for deduction eligibility. Case-Laws Income Tax Tue, 25 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265264