https://www.taxtmi.com/caselaws?id=425608 The Court upheld the decision regarding bad debts written off, affirming that the conditions for claiming deduction were met as the debts were considered in the Assessee's income and written off in the accounts. The Court found justification in the Appellant's claim as the debtor deemed the invoices 'not payable' and no payments were received against the bad debts in the last seven Assessment Years. Consequently, the appeal challenging the addition made by the Assessing Officer was dismissed. en-us Mon, 25 Jul 2022 00:00:00 +0530 Tue, 26 Jul 2022 19:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425608 The Court upheld the decision regarding bad debts written off, affirming that the conditions for claiming deduction were met as the debts were considered in the Assessee's income and written off in the accounts. The Court found justification in the Appellant's claim as the debtor deemed the invoices 'not payable' and no payments were received against the bad debts in the last seven Assessment Years. Consequently, the appeal challenging the addition made by the Assessing Officer was dismissed. Case-Laws Income Tax Mon, 25 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425608