https://www.taxtmi.com/highlights?id=71051 Bad debts u/s 36(l)(vii) or business expenditure u/s 37 - Addition in respect of the payment made by assessee company to YES Bank on account of a corporate guarantee - assessee in its Proflt & Loss Account had recorded the entry as Debts Written Off - In the instant case the expenditure was rightly held to be deductible u/s 37. - AT en-us Sat, 22 Jul 2023 23:09:20 +0530 Mon, 24 Jul 2023 12:20:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71051 Bad debts u/s 36(l)(vii) or business expenditure u/s 37 - Addition in respect of the payment made by assessee company to YES Bank on account of a corporate guarantee - assessee in its Proflt & Loss Account had recorded the entry as Debts Written Off - In the instant case the expenditure was rightly held to be deductible u/s 37. - AT Highlights Income Tax Sat, 22 Jul 2023 23:09:20 +0530 https://www.taxtmi.com/highlights?id=71051