Assessee's Bad Debt Claim for Service Tax Write-Off Allowed u/s 36(1)(vii) Due to DIP Denial.

Assessee's Bad Debt Claim for Service Tax Write-Off Allowed u/s 36(1)(vii) Due to DIP Denial. https://www.taxtmi.com/highlights?id=59380 Bad debts - Allowability towards service tax which was written off as bad debt u/s. 36(1)(vii) - Since service tax payment recovery is denied by the DIP, the assessee has written off it as bad debt. Therefore, we are of the view that the assessee is justified in claiming it as bad debt by writing off in the Profit & Loss account. - Claim allowed - AT en-us Wed, 25 Aug 2021 14:17:46 +0530 Wed, 25 Aug 2021 14:17:46 +0530 TaxTMI RSS Generator Assessee's Bad Debt Claim for Service Tax Write-Off Allowed u/s 36(1)(vii) Due to DIP Denial. https://www.taxtmi.com/highlights?id=59380 Bad debts - Allowability towards service tax which was written off as bad debt u/s. 36(1)(vii) - Since service tax payment recovery is denied by the DIP, the assessee has written off it as bad debt. Therefore, we are of the view that the assessee is justified in claiming it as bad debt by writing off in the Profit & Loss account. - Claim allowed - AT Highlights Income Tax Wed, 25 Aug 2021 14:17:46 +0530 https://www.taxtmi.com/highlights?id=59380