https://www.taxtmi.com/caselaws?id=185545 The ITAT, Mumbai, dismissed the Revenue's appeal regarding bad debts written off by the assessee. The CIT(A) allowed the claim based on legal precedents, emphasizing that if bad debts are written off in the books of account, the deduction under section 36(1)(vii) can be claimed even if not initially filed. The ITAT upheld this decision, noting the absence of contradictory legal precedents from the Revenue to challenge the Bombay High Court's proposition, leading to the appeal's dismissal on 30.06.2015. en-us Tue, 30 Jun 2015 00:00:00 +0530 Fri, 19 Aug 2016 10:21:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185545 The ITAT, Mumbai, dismissed the Revenue's appeal regarding bad debts written off by the assessee. The CIT(A) allowed the claim based on legal precedents, emphasizing that if bad debts are written off in the books of account, the deduction under section 36(1)(vii) can be claimed even if not initially filed. The ITAT upheld this decision, noting the absence of contradictory legal precedents from the Revenue to challenge the Bombay High Court's proposition, leading to the appeal's dismissal on 30.06.2015. Case-Laws Income Tax Tue, 30 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185545