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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Bad debts - assessee does not fulfill the conditions mandated in ...

Income Tax

December 17, 2018

Bad debts - assessee does not fulfill the conditions mandated in section 36(2) r.w.s 36(1)(vii) - However, the write off became imminent because the landlord declined to refund the security deposit. The write off has to be considered in the light of provisions of section 28 r.w..s 37 - Claim allowed.

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