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Delhi HC allows entire Training Expenses on Skill Development
Case Law Details
- Case Name
- PCIT Vs VE Commercial Vehicles Ltd (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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PCIT Vs VE Commercial Vehicles Ltd (Delhi High Court)
Introduction: The Delhi High Court, in the case of PCIT vs VE Commercial Vehicles Ltd for Assessment Year (AY) 2011-12, addressed two key issues. This article delves into the court’s ruling, emphasizing the deduction claimed by the assessee regarding bad debts and training expenses.
Detailed Analysis:
1. Bad Debts Issue (Section 36(1)(vii) and 36(2)):
The Assessing Officer disallowed bad debts claiming that acquiring them from the predecessor-in-interest violated Section 36(1)(vii) and 36(2) of the Income Tax Act, 19...
