https://www.taxtmi.com/caselaws?id=421450 Bad debt claims were treated as allowable once the debts were actually written off in the books and supported by invoices, ledger extracts and journal entries, with further proof of irrecoverability not required after statutory conditions were met. An addition for alleged unaccounted receipts was deleted because the assessee had substantially reconciled the material and the amount was not established through proper enquiry or supporting evidence. An ad hoc expense disallowance based only on estimate was curtailed where vouchers, bills and ledger details were produced, leaving only a limited disallowance as reasonable. en-us Mon, 24 Jan 2022 00:00:00 +0530 Mon, 25 Apr 2022 08:18:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421450 Bad debt claims were treated as allowable once the debts were actually written off in the books and supported by invoices, ledger extracts and journal entries, with further proof of irrecoverability not required after statutory conditions were met. An addition for alleged unaccounted receipts was deleted because the assessee had substantially reconciled the material and the amount was not established through proper enquiry or supporting evidence. An ad hoc expense disallowance based only on estimate was curtailed where vouchers, bills and ledger details were produced, leaving only a limited disallowance as reasonable. Case-Laws Income Tax Mon, 24 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421450