Write off of receivables on discontinuation of joint venture ...

Receivables Write-Off Approved After Joint Venture Ends, Complies with Section 36(2) of Income Tax Act.

April 29, 2020

Case Laws Income Tax AT

Write off of receivables on discontinuation of joint venture (JV) - assessee had duly complied with the provisions of section 36(2) of the Act. It is not in dispute that the said trade debts had been duly written off as irrecoverable in the books of accounts of the assessee company - Claim allowed - AT

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Write off of receivables on discontinuation of joint venture ...

Receivables Write-Off Approved After Joint Venture Ends, Complies with Section 36(2) of Income Tax Act.

April 29, 2020

Case Laws Income Tax AT

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