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2013 (6) TMI 311 - HC - Income TaxBad debts - provisions of section 36(1)(vii) and section 36(2)(i) - onus to prove - held that:- under section 36(1)(vii) of the Income-tax Act it was not necessary for the assessee to give reasons and writing off the amount itself was sufficient. - In view of the settled position in the case of T.R.F. Ltd. [2010] 323 ITR 397] the Commissioner of Income-tax (Appeals) and the Income-tax Appellate Tribunal have rightly set aside the addition made by the Assessing Officer in so far as it relates to the bad debt claimed by the assessee - Decided in favor of assessee. Loss on account of rejection of goods - held that:- Goods which were unfit for human consumption in Ukraine will remain unfit for human consumption in India also. - claim of deduction allowed - Decided in favor of assessee.
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