2024 (9) TMI 38 - SCH - Income Tax

Deduction qua bad debts u/s 36(1)(vii) denied - as decided by HC 2023 (8) TMI 92 - DELHI HIGH COURT appellant/assessee is entitled to straightaway claim deduction towards irrecoverable bad debts u/s 36(1)(vii) of the Act. There is no dispute that the conditions prescribed u/s 36(2) of the Act stand fulfilled HELD THAT - We are not inclined to condone the delay in filing the Special Leave Petition. The Special Leave Petition is dismissed on the ground of delay.