TMI BlogDisallowance of provision for Bad Debt Written off - provision made by the assessee for bad and doubtful...Disallowance of provision for Bad Debt Written off - provision made by the assessee for bad and doubtful debts is only a provision, but not actual written off of bad debts which is irrecoverable. Hence, we are of the considered view that the assessee is not entitled for deduction towards provision made for bad and doubtful debts u/s. 36(1)(vii) of the Income Tax Act, 1961. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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