Tag: Section 36(1)(vii)

Allowability of service tax written off to PL Account when input credit not allowed under Cenvat Credit Rules. ITAT deleted the addition ABCAUS Case Law Citation:ABCAUS 3085 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties:T. R. F. Ltd. vs. CIT: 323 ITR 397 The Revenue …

Deduction u/s 36(1)(vii) allowed for sales tax component of bad debts written off in the books of accounts. in any event the deduction has to be allowed u/s 28-ITAT ABCAUS Case Law Citation: ABCAUS 2201 (2018) (02) ITAT Brief Facts of the Case: The Petitioner assessee was a …

Bad debt written off claim us 361vii Circular No. 12/2016 F.No.279/Misc./140/20  15-ITJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi , Dated 30th May, 2016 Subject:- Admissibility of claim of deduction of Bad Debt under section 36(1)(vii) read with section …