Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2011 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (5) TMI 18 - AT - Income TaxDis allowance - Bad Debts written off - Purchase of debts - Held that: the bad debt was purchased from a third party and had not arisen during the course of business from the ordinary trading transactions of the assessee. Therefore, the conditions prescribed u/s.36(2) for claim of bad debt are not fulfilled. Hence, the claim for bad debt has been rightly rejected by the ld. CIT[A].
|