https://www.taxtmi.com/caselaws?id=762607 ITAT MUMBAI held that the assessee is entitled to a deduction for provision for doubtful debts because the provision was debited to the profit and loss account and correspondingly reduced from debtors in the balance sheet, thereby constituting a write-off. The Tribunal followed precedents of the coordinate bench, HC MUMBAI and the SC (Vijaya Bank), and directed the assessing officer to delete the impugned additions. Decision in favour of the assessee. en-us Wed, 27 Nov 2024 00:00:00 +0530 Tue, 23 Sep 2025 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762607 ITAT MUMBAI held that the assessee is entitled to a deduction for provision for doubtful debts because the provision was debited to the profit and loss account and correspondingly reduced from debtors in the balance sheet, thereby constituting a write-off. The Tribunal followed precedents of the coordinate bench, HC MUMBAI and the SC (Vijaya Bank), and directed the assessing officer to delete the impugned additions. Decision in favour of the assessee. Case-Laws Income Tax Wed, 27 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762607