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Write-off in books sufficient to claim it as bad debts: ITAT Ahmedabad
Case Law Details
- Case Name
- Ajitsinh Takhatsinh Baraiya Vs ITO (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Ahmedabad
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Ajitsinh Takhatsinh Baraiya Vs ITO (ITAT Ahmedabad)
ITAT Ahmedabad held that bad debts written off as irrecoverable in books is enough and it is not necessary to demonstrate that a debt has become bad. Accordingly, addition on account of bad debts liable to be deleted.
Facts- The assessee is an individual engaged in the business of manpower supply exclusively to M/s Harsha Engineers Limited. During assessment proceedings, AO observed that the assessee claimed a sum of ₹27,92,370/- as expenditure under the head “Contribution to PF,” supposedly on account of deductions made by the service...
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