https://www.taxtmi.com/caselaws?id=352850 The Tribunal upheld the CIT-A's decision to delete the addition made on account of bad debt written off by the assessee. The bad debt was considered an allowable business expenditure as it met the conditions under Section 36(1)(vii) and Section 36(2) of the Act. The tribunal found no fault in the CIT-A's order, noting that the debt was written off as irrecoverable in the ordinary course of business, supported by adequate documentation and legal precedents. Consequently, the revenue's appeal was dismissed. en-us Wed, 20 Dec 2017 00:00:00 +0530 Fri, 22 Dec 2017 08:10:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352850 The Tribunal upheld the CIT-A's decision to delete the addition made on account of bad debt written off by the assessee. The bad debt was considered an allowable business expenditure as it met the conditions under Section 36(1)(vii) and Section 36(2) of the Act. The tribunal found no fault in the CIT-A's order, noting that the debt was written off as irrecoverable in the ordinary course of business, supported by adequate documentation and legal precedents. Consequently, the revenue's appeal was dismissed. Case-Laws Income Tax Wed, 20 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352850