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2003 (2) TMI 499 - ITAT MUMBAI
Extract:
.......ccountant Member and held that the amount written off by the assessee as bad debt is allowable as deduction under section 36(1)(vii) of the Act in the year under consideration. In accordance with the majority view, the issue stands decided in favour of the assessee and against the Revenue. 3. In the result, the appeal filed by Revenue is dismissed.