https://www.taxtmi.com/caselaws?id=346607 The Court dismissed the appeal by the Revenue, upholding the decision that bad debts claimed were indeed written off based on documents provided by the Assessee. Additionally, no further addition to income was deemed necessary concerning the suppression of gross profit due to a provision of stock written off, as the differential amount had already been offered to tax. The Court emphasized the significance of factual examination and proper documentation in determining tax liability for the relevant Assessment Year. en-us Wed, 09 Aug 2017 00:00:00 +0530 Sat, 19 Aug 2017 08:21:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346607 The Court dismissed the appeal by the Revenue, upholding the decision that bad debts claimed were indeed written off based on documents provided by the Assessee. Additionally, no further addition to income was deemed necessary concerning the suppression of gross profit due to a provision of stock written off, as the differential amount had already been offered to tax. The Court emphasized the significance of factual examination and proper documentation in determining tax liability for the relevant Assessment Year. Case-Laws Income Tax Wed, 09 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346607