https://www.taxtmi.com/caselaws?id=777004 HC allowed the appeal, holding the impugned amounts were actual write-offs and not mere provisions; the fact-finding authorities had failed to appreciate the balance sheet showing debts written off. The HC noted SC authority that s.41(4) empowers the AO to tax subsequent recoveries to the extent required, and observed tax on recoveries had been paid by the taxpayer. The Tribunal erred in affirming AO and CIT(A); their orders were set aside and the appeal allowed. en-us Wed, 13 Aug 2025 00:00:00 +0530 Fri, 22 Aug 2025 08:33:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777004 HC allowed the appeal, holding the impugned amounts were actual write-offs and not mere provisions; the fact-finding authorities had failed to appreciate the balance sheet showing debts written off. The HC noted SC authority that s.41(4) empowers the AO to tax subsequent recoveries to the extent required, and observed tax on recoveries had been paid by the taxpayer. The Tribunal erred in affirming AO and CIT(A); their orders were set aside and the appeal allowed. Case-Laws Income Tax Wed, 13 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777004