Expense cannot be disallowed merely because assessee named it as short recovery and not bad debt

ITAT DELHI BENCH ‘F ITA No. 5081/Del/2012 Assessment Year :  2008–09 Income Tax Officer Vs. Shri Rajinder Singh Sethi ORDER PER G.D.AGRAWAL, VP: This appeal by the Revenue is directed against the order of learned CIT(A)-XXIV, New Delhi dated 20th July, 2012 for the AY 2008- 09. 2.           The Revenue has raised following grounds:- “1. On the facts and circumstances of the case and in law the CIT(A) has erred in deleting the addition of Rs.16,66,081/- made by the A.O. on account of short receipt of payment under the head hire charges received from ...