Receivables Write-Off Approved After Joint Venture Ends, Complies with Section 36(2) of Income Tax Act.

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....Write off of receivables on discontinuation of joint venture (JV) - assessee had duly complied with the provisions of section 36(2) of the Act. It is not in dispute that the said trade debts had been duly written off as irrecoverable in the books of accounts of the assessee company - Claim allowed - AT....