TaxTMI 
TaxTMI 
TaxTMI Home / 
Assessee's Debt Write-Off Lacks Evidence; Additions Confirmed Due to Insufficient Proof of Irrecoverable Debts.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Bad debts - the assessee has not placed on record before the lower authorities to show that it debtors were not in a position to pay the debts or have refused for payment. It is an unilateral act on the part of the assessee to write off all these amount without bring any material on record to show that amount are not recoverable - additions confirmed - AT....