https://www.taxtmi.com/caselaws?id=424274 The Tribunal allowed the appeal for AY 2012-13, reversing the disallowance of bad debts claimed by the assessee as they were appropriately written off in the books. For AY 2013-14, the Tribunal directed the AO to permit the deduction for late deposit of PF and ESI contributions, emphasizing that the amendments were prospective and not retroactive. Consequently, both appeals for AYs 2012-13 and 2013-14 were allowed in favor of the assessee. en-us Wed, 22 Jun 2022 00:00:00 +0530 Sat, 25 Jun 2022 09:20:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424274 The Tribunal allowed the appeal for AY 2012-13, reversing the disallowance of bad debts claimed by the assessee as they were appropriately written off in the books. For AY 2013-14, the Tribunal directed the AO to permit the deduction for late deposit of PF and ESI contributions, emphasizing that the amendments were prospective and not retroactive. Consequently, both appeals for AYs 2012-13 and 2013-14 were allowed in favor of the assessee. Case-Laws Income Tax Wed, 22 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424274