Bad Debts Written Off: If a provision for expense is expressly excluded from Section 36 (1) (vii) then such a provision cannot claim deduction under Section 37 of the IT Act even on the basis of “real income theory”.
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Bad Debts Written Off: If a provision for expense is expressly excluded from Section 36 (1) (vii) then such a…
 (vii) then such a provision cannot claim deduction under Section 37 of the IT Act even on the basis of “real income theory”.){kind=link}
 (vii) then such a provision cannot claim deduction under Section 37 of the IT Act even on the basis of “real income theory”.&description=&image=https://thetaxtalk.com/wp-content/uploads/2022/09/Untitled-84484.jpg){kind=link}