Provisions for doubtful debts allowed as a expenditure even ...

Income Tax

September 23, 2020

Provisions for doubtful debts allowed as a expenditure even though the same is not written off - as per prevalent accounting principles which clearly lay down that loss on sale of investment should be taken into account while determining the commercial income, the assessee is entitled to expenditure in respect of provision for doubtful debt. - HC

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Provisions for doubtful debts allowed as a expenditure even ...

Income Tax

September 23, 2020

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