ITAT allows deduction for provision of doubtful debts

Trio Elevators Company (India) Ltd. Vs D.C.I.T. (ITAT Ahmedabad) Whether the assessee can claim a deduction for the provision of doubtful debts without giving adjustment in the individual ledger account of the sundry debtors? This issue has been decided in favour of the assessee by this Tribunal in the case of Vidras India Ceramics (Pvt.) Ltd. Vs  D.C.I.T. bearing ITA No. 2412/Ahd/2018  for AY 2014-15 vide order dated 09/07/2021. ITAT in the case of Vidras India Ceramics (P.) Ltd (Supra) after considering and relying on the judgment of Hon’ble SC in the case of Vijaya Bank (Supra) has gra...