https://www.taxtmi.com/caselaws?id=438946 The Tribunal allowed the Revenue's appeal, reversing the CIT(A)'s decision and upholding the AO's disallowance of the provision for bad debts under Section 36(1)(vii) as the assessee failed to meet the required conditions for deduction. The delay in filing the appeal due to the Covid-19 lockdown was condoned, referencing a Supreme Court judgment extending the limitation period. The Tribunal distinguished the applicability of the Vijaya Bank decision and rejected the alternative claim under Section 28 of the Income Tax Act. en-us Fri, 09 Jun 2023 00:00:00 +0530 Tue, 13 Jun 2023 13:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438946 The Tribunal allowed the Revenue's appeal, reversing the CIT(A)'s decision and upholding the AO's disallowance of the provision for bad debts under Section 36(1)(vii) as the assessee failed to meet the required conditions for deduction. The delay in filing the appeal due to the Covid-19 lockdown was condoned, referencing a Supreme Court judgment extending the limitation period. The Tribunal distinguished the applicability of the Vijaya Bank decision and rejected the alternative claim under Section 28 of the Income Tax Act. Case-Laws Income Tax Fri, 09 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438946