Bad debt cannot be claimed for first time in revised return filed pursuant to section 153A

IN THE ITAT JODHPUR BENCH Gendmal Kothari V/s. Deputy Commissioner of Income-tax, Central circle-1, Udaipur IT APPEAL NO. 570 (JODH.) OF 2010 [ASSESSMENT YEAR 2001-02] JULY 6, 2012 ORDER Bhavnesh Saini, Judicial Member This appeal by the assessee is directed against the order of ld. CIT(A), Central, Jaipur dated 17.09.2010 for the assessment year 2001-02, challenging the disallowance of Rs. 4,22,000/- on account of bad debts. 2. The brief facts of the case are that during the course of search, it was unearthed that the assessee is advancing loan to various persons and these ar...