Debit balance written off as bad debt – segregation of advances ...

Assessing Officer's Right to Review Bad Debt Write-offs Requires Advance Details Disclosure, CIT(A) Involvement Crucial.

April 23, 2014

Case Laws Income Tax AT

Debit balance written off as bad debt – segregation of advances and bad debts - If the details were furnished before CIT(A) then the AO should have been given opportunity to consider the same and rebut the same if so desired. - AT

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Debit balance written off as bad debt – segregation of advances ...

Assessing Officer's Right to Review Bad Debt Write-offs Requires Advance Details Disclosure, CIT(A) Involvement Crucial.

April 23, 2014

Case Laws Income Tax AT

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