2017 (9) TMI 2032

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.... 1. Heard Sri Alok Mathur, learned Counsel for appellant. 2. This appeal under Section 260-A of Income Tax Act, 1961 (hereinafter referred to as "Act, 1961) has arisen from judgment and order dated 12.04.2017 passed by Income Tax Appellate Tribunal, Lucknow Bench, Lucknow (hereinafter referred to as "Tribunal") in Income Tax Appeal No. 233/LKW/2016. 3. The appellant has sought to argue tha....

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....discount ignoring the legal position as provided in Rule 46A of the IT Rules, 1962. c) Whether on the facts and circumstances of the case, the Hon'ble ITAT is justified in deleting the addition of Rs. 60,45,164/- made on account of disallowance of bad debts without appreciating the facts that the assessee failed to produce any details, supporting bills and vouchers to substantiate its claim....