https://www.taxtmi.com/caselaws?id=430775 The Tribunal partially allowed the appeal, directing the AO to permit the deduction for bad debts of Rs. 16,43,329 under section 36(1)(vii) of the Act. This decision was based on the appellant's adjustment against the debtors, effectively writing off the debts and meeting the eligibility criteria for the deduction. en-us Wed, 09 Nov 2022 00:00:00 +0530 Sun, 27 Nov 2022 21:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430775 The Tribunal partially allowed the appeal, directing the AO to permit the deduction for bad debts of Rs. 16,43,329 under section 36(1)(vii) of the Act. This decision was based on the appellant's adjustment against the debtors, effectively writing off the debts and meeting the eligibility criteria for the deduction. Case-Laws Income Tax Wed, 09 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430775