Disallowance of expenditure in nature of exceptional items ...

Income Tax

January 27, 2021

Disallowance of expenditure in nature of exceptional items claimed u/s 36(1)(vii) - Bad debts - All the AO has to examine is whether the amount of aforesaid charges so recoverable have been actually reversed in respective ledger accounts of individual allottees/debtors and written off in the books of accounts of the assessee during the previous year relevant to impugned assessment year or not. - AT

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Disallowance of expenditure in nature of exceptional items ...

Income Tax

January 27, 2021

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