Home / 
Deduction Claim Valid for Bad Debt Write-offs of Revenue Advances u/s 36(1)(vii) of Income Tax Act.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Bed debts - once the advances made are held to be of revenue nature, then, the other consequence of claim of deduction u/s 36(1)(vii) would automatically follow if the assessee actually has written them off in its books of account as bad debt - AT....
TaxTMI
TaxTMI