2014 (7) TMI 460

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....the assessee for the assessment year 2007-2008 is directed against the order of the CIT(A). 2. The ground no. of the appeal of the assessee is as under: "1. The ld.CIT(A) erred on facts and in law in not deduction of bad debts/business loss claimed of Rs. 2,38,287/-." 3. The learned counsel for the assessee submitted that the assessee has written off the amount in question and the issue is cove....

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....es was raising bills to its customers. Many of its customers deducted certain amount from the bills on account of various reasons such as rate difference, lack of proper servicing i.e. upto the satisfaction of the customers. This amount being not realized/realizable was debited to the rate difference amount. We find that there is no material on record to doubt the genuineness of the claim of the a....