https://www.taxtmi.com/caselaws?id=281253 The ITAT Ahmedabad upheld the CIT(A)'s decision, dismissing the appeal challenging the disallowance of bad debts written off and provision for bad debts for the assessment year 2006-07. The CIT(A) deleted the disallowances, citing that the debts were written off in the books of accounts, and the provision for bad debts was justified based on legal precedents and the High Court's judgment in a similar case. The ITAT's decision was in line with the Supreme Court's ruling in TRF Ltd. vs. CIT and the High Court's decision in CIT vs. Nawanagar Co-operative Bank Limited. en-us Thu, 27 Oct 2016 00:00:00 +0530 Tue, 11 Jun 2019 06:00:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281253 The ITAT Ahmedabad upheld the CIT(A)'s decision, dismissing the appeal challenging the disallowance of bad debts written off and provision for bad debts for the assessment year 2006-07. The CIT(A) deleted the disallowances, citing that the debts were written off in the books of accounts, and the provision for bad debts was justified based on legal precedents and the High Court's judgment in a similar case. The ITAT's decision was in line with the Supreme Court's ruling in TRF Ltd. vs. CIT and the High Court's decision in CIT vs. Nawanagar Co-operative Bank Limited. Case-Laws Income Tax Thu, 27 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281253