https://www.taxtmi.com/caselaws?id=777870 ITAT remanded the addition under section 68 to the AO for fresh verification of confirmations and related-party fund transfers, finding the assessing officer had only partly examined supporting documents; grounds 1 and 2 allowed for statistical purposes. The tribunal allowed deduction of bad debts under section 36(1)(vii), holding that writing off in the books satisfies the statutory condition and the assessee need not further prove irrecoverability, allowing grounds 3 and 4. en-us Fri, 27 Jun 2025 00:00:00 +0530 Sat, 06 Sep 2025 08:16:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777870 ITAT remanded the addition under section 68 to the AO for fresh verification of confirmations and related-party fund transfers, finding the assessing officer had only partly examined supporting documents; grounds 1 and 2 allowed for statistical purposes. The tribunal allowed deduction of bad debts under section 36(1)(vii), holding that writing off in the books satisfies the statutory condition and the assessee need not further prove irrecoverability, allowing grounds 3 and 4. Case-Laws Income Tax Fri, 27 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777870