https://www.taxtmi.com/caselaws?id=357648 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision to allow provisions for doubtful debts as business expenditure and to permit netting off of the provision against sundry debtors. Relying on the principles established in the Vijaya Bank case, the Tribunal dismissed the Revenue's appeal, emphasizing that the provisions of doubtful debts were appropriately adjusted against sundry debtors as per Supreme Court precedent. The Tribunal found the Revenue's arguments unsupported and affirmed the CIT-A's decision, ultimately denying the Revenue's appeal. en-us Fri, 23 Mar 2018 00:00:00 +0530 Mon, 26 Mar 2018 20:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357648 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision to allow provisions for doubtful debts as business expenditure and to permit netting off of the provision against sundry debtors. Relying on the principles established in the Vijaya Bank case, the Tribunal dismissed the Revenue's appeal, emphasizing that the provisions of doubtful debts were appropriately adjusted against sundry debtors as per Supreme Court precedent. The Tribunal found the Revenue's arguments unsupported and affirmed the CIT-A's decision, ultimately denying the Revenue's appeal. Case-Laws Income Tax Fri, 23 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357648