Bombay High Court Dismisses Revenue's Appeal in Income Tax Bad Debt Deduction Case. Assessee's Claim for Deduction of Written-Off Principal Deposit as Bad Debt Under Section 36(1)(vii) Read with Section 36(2) of Income Tax Act, 1961 Allowed Based on Precedent of Pudumjee Pulp and Paper Mills Limited.
27 Oct 2021The appeal before the Bombay High Court arose from an income tax assessment for Assessment Year 2005-06. The respondent assessee had filed its return ...




