https://www.taxtmi.com/caselaws?id=13481 The HC dismissed the appeal, affirming the Tribunal's decisions on several grounds. It upheld the allowance of the bad debt claim, aligning with the amendment of section 36(1)(vii), and validated the deduction for advertisement expenses under section 37. The Tribunal's acceptance of the assessee's accounting system, despite deviations from the matching principle, was also endorsed. The HC found no legal errors in the Tribunal's rulings, leading to the dismissal of the Revenue's appeal. en-us Mon, 29 Jan 2007 00:00:00 +0530 Fri, 23 Feb 2024 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13481 The HC dismissed the appeal, affirming the Tribunal's decisions on several grounds. It upheld the allowance of the bad debt claim, aligning with the amendment of section 36(1)(vii), and validated the deduction for advertisement expenses under section 37. The Tribunal's acceptance of the assessee's accounting system, despite deviations from the matching principle, was also endorsed. The HC found no legal errors in the Tribunal's rulings, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Mon, 29 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13481