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2015 (10) TMI 539 - HC - Income TaxDeduction of the bad debts written off - rejection of claim on the ground that it could have only been made by way of revised return under Section 139(5) - Held that:- The said decision in Goetze (India) Ltd. [2006 (3) TMI 75 - SUPREME Court] is in the context of the lack of the power of the AO to entertain a claim for deduction, during assessment proceedings, otherwise than by a revised return. The ITAT is right in without a revised return being filed by the Assessee, there was no such restraint on the CIT (A) during the appellate proceedings. However, while permitting such a claim the CIT (A) ought to have examined whether in fact the bad debts were written off by the Assessee in the first instance in the accounts and then taken into consideration while computing the income. The remand of the matter to the AO for that purpose was, therefore, justified.
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