https://www.taxtmi.com/caselaws?id=194795 The Tribunal upheld the disallowance of DP charges as revenue expenditure and rejected the claim for treating it as bad debt, ultimately dismissing the assessee's appeal. The claimed expenditure was for a previous year, not the current year, and lacked customer-wise details to qualify as bad debt under section 36(2) of the Income Tax Act. The Tribunal distinguished the case from a precedent cited by the assessee, emphasizing the charges were business expenditure, not related to brokerage income. en-us Fri, 16 Dec 2011 00:00:00 +0530 Wed, 27 Sep 2017 11:15:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194795 The Tribunal upheld the disallowance of DP charges as revenue expenditure and rejected the claim for treating it as bad debt, ultimately dismissing the assessee's appeal. The claimed expenditure was for a previous year, not the current year, and lacked customer-wise details to qualify as bad debt under section 36(2) of the Income Tax Act. The Tribunal distinguished the case from a precedent cited by the assessee, emphasizing the charges were business expenditure, not related to brokerage income. Case-Laws Income Tax Fri, 16 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194795