Section 68 and Section 36(1)(vii) Updates: Unexplained Cash Credits and Bad Debts Adjustments. Assessee Claims Deductions.

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....Additions of unexplained cash credit u/s 68 - Adjustment of Bad debts under the provision of section 36(1)(vii) - assessee has made its debtors at NIL value and accordingly the assessee is entitled to claim the deduction by way of writing off bad debts of these sundry debtors within the meaning of the provision of section 36(1)(vii) - AT....