https://www.taxtmi.com/highlights?id=32135 Penalty on income from bad debts recovered - the assessee has to offer the same to tax in the year in which the recovery is made. Since the assessee has failed to do, in violation of the mandated provisions of law, levy of penalty confirmed - AT en-us Sat, 19 Nov 2016 11:55:21 +0530 Sat, 19 Nov 2016 11:55:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=32135 Penalty on income from bad debts recovered - the assessee has to offer the same to tax in the year in which the recovery is made. Since the assessee has failed to do, in violation of the mandated provisions of law, levy of penalty confirmed - AT Highlights Income Tax Sat, 19 Nov 2016 11:55:21 +0530 https://www.taxtmi.com/highlights?id=32135