Even a single instance of loan given can be considered as money lending business for bad debts allowance - ITAT…
Assessee mislead by claiming deduction for Bad debts written off when in fact at the same time it treated the…
Bad debts claimed u/s 36(1(vii) disallowed as only provision was made and bad debts not written off in books of…
Allowability of service tax written off to PL Account when input credit not allowed under Cenvat Credit Rules. ITAT deleted…
If asset side of balance sheet is reduced by provision made, it amounts to writing of the debts in accordance…
Deduction u/s 36(1)(vii) allowed for sales tax component of bad debts written off in the books of accounts. in any…
Doubtful advances written off treated as provisions not allowable expenditure u/s 37(1) in contrast to bad debts w/o u/s 36(i)(vii)…
Bad Debts written off as irrecoverable must form part of income. The assessee can claim bad debts by just writing off…