Court Affirms Bad Debt Deduction Rights u/s 36(1)(vii) for Irrecoverable Advances in Income Tax Act Case.

Court Affirms Bad Debt Deduction Rights u/s 36(1)(vii) for Irrecoverable Advances in Income Tax Act Case. https://www.taxtmi.com/highlights?id=28650 Allowance of of bad debts - advances given by the assessee had become actually bad - deduction u/s 36(1)(vii) cannot be denied - HC en-us Mon, 18 Apr 2016 08:15:51 +0530 Mon, 18 Apr 2016 08:33:20 +0530 TaxTMI RSS Generator Court Affirms Bad Debt Deduction Rights u/s 36(1)(vii) for Irrecoverable Advances in Income Tax Act Case. https://www.taxtmi.com/highlights?id=28650 Allowance of of bad debts - advances given by the assessee had become actually bad - deduction u/s 36(1)(vii) cannot be denied - HC Highlights Income Tax Mon, 18 Apr 2016 08:15:51 +0530 https://www.taxtmi.com/highlights?id=28650