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2018 (3) TMI 431 - AT - Income TaxEligibility to deduction u/s 36(1)(vii) - Held that:- For an amount to be claimed as deduction u/s 36(1)(vii), the same should be written off as irrecoverable in the accounts of the assessee for the previous year. Further condition for allowance of the claim u/s 36(1)(vii) is mentioned in Section 36(2) of the I.T.Act. The Hon’ble High Court had restored to the issue for the reason that no inquiry was made by the Tribunal in this regard. Both the parties have agreed that it would suffice, if the matter is restored to the A.O. for examination whether there is actual write off of amount of ₹ 1,16,521 during the relevant assessment year. In view of the submission of both AR and DR, restore the issue to the A.O. - Decided in favour of assessee for statistical purposes.
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