https://www.taxtmi.com/caselaws?id=419529 The ITAT Delhi upheld the CIT(A) decision, allowing the provision for doubtful debts as application of income for the trust's charitable activities. The Revenue's appeal challenging this decision was dismissed as the provision was deemed quantified, made in good faith, and aligned with commercial principles and the trust's objectives. The ITAT found no flaws in the CIT(A) findings and noted the absence of contrary binding decisions presented by the Revenue, leading to the affirmation of the allowance of the provision for doubtful debts. en-us Fri, 11 Mar 2022 00:00:00 +0530 Mon, 14 Mar 2022 07:47:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419529 The ITAT Delhi upheld the CIT(A) decision, allowing the provision for doubtful debts as application of income for the trust's charitable activities. The Revenue's appeal challenging this decision was dismissed as the provision was deemed quantified, made in good faith, and aligned with commercial principles and the trust's objectives. The ITAT found no flaws in the CIT(A) findings and noted the absence of contrary binding decisions presented by the Revenue, leading to the affirmation of the allowance of the provision for doubtful debts. Case-Laws Income Tax Fri, 11 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419529