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2014 (11) TMI 1192 - KARNATAKA HIGH COURTEntitlement to claim a deduction under Section 36(1)(vii) in respect of bad debts written off - Held that:- Assessing Authority has not disputed the fact that the assessee’s claim for bad debt under Section 36(1)(vii) does not represent those debt in which deduction has been claimed under Section 36(1)(vii) out of the provision for bad and doubtful debts. The law laid down by the Apex Court in the case of the assessee itself (2014 (11) TMI 179 - KARNATAKA HIGH COURT) is attracted and the first substantial question of law is to be answered in favour of the assessee and against the revenue as rightly held by the Tribunal. - Decided in favour of the assessee and against the revenue.
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