October 2018

4 Section 36(1)(vii): Bad debt- Write-off of bad debts were held to be allowable - and there is no obligation on the assessee to establish that debt had became bad.

K. B. Bhujle, Advocate

1.     Hinduja Ventures Ltd vs. DCIT [ Income tax Appeal no 270 of 2008, Dated: 2nd August, 2018 (Bombay High Court)]. 

 

[Hinduja Ventures Ltd vs. DCIT; dated 24/08/2006; Mum.  ITAT ]



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