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2006 (5) TMI 118 - AT - Income Tax
Extract:
.......r doubtful debts is not an allowable deduction in view of the amendment to section 36(1)(vii). Accordingly, the Assessing Officer was justified in invoking the provisions of section 154 of the Act in withdrawing the allowance of deduction granted in the original assessment. 3. In the result, the appeal filed by the assessee is treated as dismissed.