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2017 (1) TMI 386 - AT - Income TaxDisallowance of bad debts - the balance of the parties in assessee’s books were not tallying with the books of the respective parties - Held that:- As observed by the learned CIT(A), the AO had disallowed the assessee’s claim for write off of bad debts of the four parties only to the extent that there were differences / discrepancies in the account balance of these parties vis-à-vis the books of accounts of the assessee, and to the extent these differences could not be explained away with any material evidence in this regard. That there were infirmities in the balance / accounts of these four parties vis-à-vis the books of accounts of the assessee is also admittedly not denied by the assessee. Since the assessee has failed to bring on record any material evidence to controvert the finding recorded by the learned CIT(A) on this issue, and finding no merits in the grounds raised by the assessee - Decided against assessee
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