Bad Debts - once the deduction made by the clients account is...

Bad Debts - once the deduction made by the clients account is debited and the assessee’s accounts are credited, the conditions laid down by section 36(1)(vii) read with section 36(2) are fulfilled and such amounts are allowable as a bad debt in the computation of total income. - assessee is not required to establish that such debts have actually become bad before writing off the same in the books of accounts - AT

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