Case Law Details
Case Name : G.E. Capital Services India Vs Addl. CIT (ITAT Delhi)
Appeal Number : I.T.A.No. 2897/Del/2007
Date of Judgement/Order : 2000-01
Related Assessment Year : 10/06/2015
Courts :
All ITAT ITAT Delhi
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Issue: Whether Bad debt written off in the books of Assessee is allowed as deduction where irrecoverability is not proved?
Sections Involved:
Section 36(1 )(vii) (relavant wording of the section: the amount of any bad debt or part thereof which is written off as irrecoverable in the accounts of the assessee for the previous year)
Appeal by Assessee before ITAT: (Relevant Extract)
3**. That on the facts and in the circumstances of the case and in law, the Ld. CIT(A) erred in confirming the disallowance of bad debts written off amounting to Rs.4,49,69,588/-.
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