https://www.taxtmi.com/caselaws?id=344223 The Tribunal dismissed the appellant's appeal challenging the disallowance of provision for doubtful debts under Section 36 of the IT Act. The Tribunal held that the provision did not constitute an actual expenditure during the relevant Assessment Year and therefore was not allowable under Section 37. The judgment emphasized the distinction between provisions and actual expenditures, requiring the crystallization of expenditure in the relevant year for it to be allowable. en-us Wed, 07 Jun 2017 00:00:00 +0530 Fri, 09 Jun 2017 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344223 The Tribunal dismissed the appellant's appeal challenging the disallowance of provision for doubtful debts under Section 36 of the IT Act. The Tribunal held that the provision did not constitute an actual expenditure during the relevant Assessment Year and therefore was not allowable under Section 37. The judgment emphasized the distinction between provisions and actual expenditures, requiring the crystallization of expenditure in the relevant year for it to be allowable. Case-Laws Income Tax Wed, 07 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344223