https://www.taxtmi.com/caselaws?id=381924 The Court dismissed the appeal and upheld the deletion of the addition made under section 40(a)(ia) for payments to C & F Agents, as well as the deletion of bad debts of &8377;1,85,01,371/- written off by the assessee. The Court ruled that the Tribunal's decision on the addition related to ocean freight charges and IHC charges was appropriate, and the assessee was not required to prove the actual irrecoverability of the debt post the relevant amendment to the Income Tax Act. Consequently, the appeal was dismissed, and no costs were awarded. en-us Fri, 07 Jun 2019 00:00:00 +0530 Fri, 21 Jun 2019 08:55:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381924 The Court dismissed the appeal and upheld the deletion of the addition made under section 40(a)(ia) for payments to C & F Agents, as well as the deletion of bad debts of &8377;1,85,01,371/- written off by the assessee. The Court ruled that the Tribunal's decision on the addition related to ocean freight charges and IHC charges was appropriate, and the assessee was not required to prove the actual irrecoverability of the debt post the relevant amendment to the Income Tax Act. Consequently, the appeal was dismissed, and no costs were awarded. Case-Laws Income Tax Fri, 07 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381924