https://www.taxtmi.com/caselaws?id=445395 Gujarat HC upheld Tribunal's decision remanding matters to Assessing Officer for verification of assessee's claims regarding unaccounted expenditure towards renovation and repairs, depreciation allowance, and profit rate adoption on suppressed sales. Court found no substantial question of law arose from Tribunal's remand orders. Regarding bad debts under Section 36(1)(viii), HC confirmed concurrent findings that debts properly debited in books could be claimed as deductions, noting provisions allow claiming bad debts even for partial income accounted in current year. en-us Tue, 12 Sep 2023 00:00:00 +0530 Tue, 07 Nov 2023 08:54:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445395 Gujarat HC upheld Tribunal's decision remanding matters to Assessing Officer for verification of assessee's claims regarding unaccounted expenditure towards renovation and repairs, depreciation allowance, and profit rate adoption on suppressed sales. Court found no substantial question of law arose from Tribunal's remand orders. Regarding bad debts under Section 36(1)(viii), HC confirmed concurrent findings that debts properly debited in books could be claimed as deductions, noting provisions allow claiming bad debts even for partial income accounted in current year. Case-Laws Income Tax Tue, 12 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445395