The assessee is obliged to prove to the AO that the case satisfies the ingredients of Section 36(1)(vii) as well as Section 36(2) of the Act for deduction towards Bad Debts Written Off
Citation: Pr. CIT Vs Kyati Realtors ...
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Posts tagged "Dated 25-08-2022"
Deduction towards Bad Debts Written Off: No deduction U/s 37 permissible if a provision for expense is expressly excluded from Section 36 (1) (vii)
Deduction towards Bad Debts Written Off: No deduction U/s 37 permissible if a provision for expense is expressly excluded from Section 36 (1) (vii)
Citation: Pr. CIT Vs Kyati Realtors Pvt. Ltd (SLP(C) No. 672 of 2020, Dated 25-08-2022) ...
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Bad Debts Written Off: If an item falls under Sections 30 to 36, but is excluded by an Explanation to Section 36 (1) (vii) then Section 37 cannot come in play
Bad Debts Written Off: If an item falls under Sections 30 to 36, but is excluded by an Explanation to Section 36 (1) (vii) then Section 37 cannot come in play
1. Citation: Pr. CIT Vs Kyati Realtors Pvt. Ltd (SLP(C) ...
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