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2009 (12) TMI 413 - HC - Income Taxbad debt- condition president- The assessee claimed deduction of bed debts written off in the books of account. The Assessing Officer did not allow it because the assessee could not establish in which year these amount were debited in the customer’s account. The Tribunal allowed the deduction. Held that- the amount was rightly claimed by the assessee as a deduction towards bad debts and if it was not proved, disallowance was the consequence because the amount could not be claimed as a trading loss of the previous year as the transactions were of earlier year. However the assessee could be given one more opportunity to prove the claim of bad debts before the officer with evidence.
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