Assessee's Bad Debt Write-Off Allowed After Landlord Refuses Security Deposit Return; Sections 36, 28, 37 Applied.

Assessee's Bad Debt Write-Off Allowed After Landlord Refuses Security Deposit Return; Sections 36, 28, 37 Applied. https://www.taxtmi.com/highlights?id=43324 Bad debts - assessee does not fulfill the conditions mandated in section 36(2) r.w.s 36(1)(vii) - However, the write off became imminent because the landlord declined to refund the security deposit. The write off has to be considered in the light of provisions of section 28 r.w..s 37 - Claim allowed. en-us Mon, 17 Dec 2018 14:33:46 +0530 Mon, 17 Dec 2018 14:33:46 +0530 TaxTMI RSS Generator Assessee's Bad Debt Write-Off Allowed After Landlord Refuses Security Deposit Return; Sections 36, 28, 37 Applied. https://www.taxtmi.com/highlights?id=43324 Bad debts - assessee does not fulfill the conditions mandated in section 36(2) r.w.s 36(1)(vii) - However, the write off became imminent because the landlord declined to refund the security deposit. The write off has to be considered in the light of provisions of section 28 r.w..s 37 - Claim allowed. Highlights Income Tax Mon, 17 Dec 2018 14:33:46 +0530 https://www.taxtmi.com/highlights?id=43324