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2012 (6) TMI 445 - AT - Income TaxDenial of claim of the assessee for deduction on account of bad debt –assessee contented that the assessee did not claim any deduction on account of bad debts in assessment year 2004-05 though a provision was made in the books of account – Held that:- Since assessee in assessment year 2004-05 reduced a sum of ₹ 70,00,000/- in the balance-sheet from the sundry debtors, the sundry debtors account was not credited and closed - The assessee made a provision for doubtful debts in the books of account but in computation of income filed along with the return of income for assessment year 2004-05 added to the profit as per P & L account the provision for doubtful debts - though the Assessee had not claimed deduction on account of bad debts in AY 04-05 there is no double deduction claimed - the claim of the Assessee deserves to be accepted as if the claim is not allowed, then it would amount to double taxation – in favour of assessee.
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