Amount claimed as irrecoverable & written off allowable if same was offered to tax in previous assessment years

Sumeru Enterprises Vs ITO (ITAT Jaipur)

It is the case of the assessee that it had cancelled the allotment of certain flats in its commercial complex as the allottees/debtors refused to pay the outstanding amount towards the interest, complex maintenance charges and electric installation charges and the same were reversed and written off in respective ledger accounts of the parties and claimed in its profit/loss account for the previous year relevant to impugned assessment year. It has been further submitted that such interest, complex maintenance charg

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