https://www.taxtmi.com/highlights?id=54063 Bad debt written off as admissible u/s 36(1)(vii) - Investment made by the assessee in a sister concern for purchase of equity shares which into liquidation can be written off as bad debt - Order of ITAT is modified and the finding that the assessee is entitled to the benefit of capital loss is set aside. The matter is remitted to the AO. en-us Fri, 17 Jul 2020 11:36:07 +0530 Fri, 17 Jul 2020 11:36:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54063 Bad debt written off as admissible u/s 36(1)(vii) - Investment made by the assessee in a sister concern for purchase of equity shares which into liquidation can be written off as bad debt - Order of ITAT is modified and the finding that the assessee is entitled to the benefit of capital loss is set aside. The matter is remitted to the AO. Highlights Income Tax Fri, 17 Jul 2020 11:36:07 +0530 https://www.taxtmi.com/highlights?id=54063