https://www.taxtmi.com/caselaws?id=181708 The ITAT allowed the deduction of bad debts for the assessee under sections 36(1)(vii) and 36(2) of the Income Tax Act, 1961. The Tribunal considered the debts were written off in the books of accounts during the relevant year, following the precedent set by the Supreme Court in TRF Ltd. vs. CIT. The appeal was allowed in favor of the assessee, overturning the decisions of the AO and the CIT(A), who had disallowed the claim for deduction of bad debts. en-us Fri, 08 Apr 2011 00:00:00 +0530 Fri, 22 Apr 2016 12:37:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181708 The ITAT allowed the deduction of bad debts for the assessee under sections 36(1)(vii) and 36(2) of the Income Tax Act, 1961. The Tribunal considered the debts were written off in the books of accounts during the relevant year, following the precedent set by the Supreme Court in TRF Ltd. vs. CIT. The appeal was allowed in favor of the assessee, overturning the decisions of the AO and the CIT(A), who had disallowed the claim for deduction of bad debts. Case-Laws Income Tax Fri, 08 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181708