2017 (8) TMI 665

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.... Advocate with Mr. Siddhant Gupta, Advocate ORDER 1. This appeal by the Revenue is directed against the order dated 4th November, 2016 passed by the Income Tax Appellate Tribunal ('ITAT') in ITA No. 124/Del/2014 for the Assessment Year ('AY') 2008-09. 2. The Respondent filed its return of income, for the AY in question, declaring a total loss of Rs. 1,46,85,298/- which was revised by the ....

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.... contention of Mr. Rahul Chaudhary, learned Senior Standing Counsel for the Revenue, is that the CIT(A) and the ITAT did not actually examine the debt in order to determine whether the bad debts had indeed been written-off in the books of accounts. Learned counsel for the Assessee, appearing on advance notice, has produced before the Court copies of the "Schedules annexed to and forming part of th....