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2018 (3) TMI 1351 - AT - Income TaxProvisions for doubtful debt under the head ‘administrative and other expenses to its P & L account' disallowed - assessee netted off the said provision for doubtful debt against sundry debtors and claimed deduction - Held that:- CIT-A was justified in entertaining and deciding the issue regarding allowability of provisions for doubtful debts as business expenditure and deduction on bad debt therein is liable to be allowed. The Tribunal has discussed the issue thoroughly analyzing the facts of the case following the decision of the Hon’ble Supreme Court in the case of Vijaya Bank [2010 (4) TMI 46 - SUPREME COURT], that the provisions of doubtful debts have been duly adjusted against sundry debt and provisions for doubtful debt cannot be treated as uncertain liability - Decided in favour of assessee.
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