https://www.taxtmi.com/caselaws?id=187932 The Tribunal upheld the decision of the ld. CIT(A) regarding the deletion of addition for personal expenditure, allowing the expenses as revenue in nature for staff welfare, business efficiency, and revenue purposes. Additionally, the Tribunal affirmed the allowance of bad debts written off, stating that the debt was previously accounted for, properly written off, and met the legal requirements for deduction under section 36(1)(vii). As such, the appeal against the disallowance of bad debts written off was dismissed for the assessment year 2007-08. en-us Mon, 08 Nov 2010 00:00:00 +0530 Fri, 11 Nov 2016 18:20:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187932 The Tribunal upheld the decision of the ld. CIT(A) regarding the deletion of addition for personal expenditure, allowing the expenses as revenue in nature for staff welfare, business efficiency, and revenue purposes. Additionally, the Tribunal affirmed the allowance of bad debts written off, stating that the debt was previously accounted for, properly written off, and met the legal requirements for deduction under section 36(1)(vii). As such, the appeal against the disallowance of bad debts written off was dismissed for the assessment year 2007-08. Case-Laws Income Tax Mon, 08 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187932