https://www.taxtmi.com/caselaws?id=441113 The Court found in favor of the appellant/assessee, allowing the deduction for the entire irrecoverable bad debt amount under Section 36(1)(vii) of the Income Tax Act for Assessment Year 2003-04. The Court held that the appellant was entitled to claim the deduction without any limitation based on a credit balance in a bad debt provision, overturning the decisions of the lower authorities. The appeal was disposed of in favor of the appellant. en-us Thu, 20 Jul 2023 00:00:00 +0530 Wed, 02 Aug 2023 10:13:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441113 The Court found in favor of the appellant/assessee, allowing the deduction for the entire irrecoverable bad debt amount under Section 36(1)(vii) of the Income Tax Act for Assessment Year 2003-04. The Court held that the appellant was entitled to claim the deduction without any limitation based on a credit balance in a bad debt provision, overturning the decisions of the lower authorities. The appeal was disposed of in favor of the appellant. Case-Laws Income Tax Thu, 20 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441113