Bad debt written off not allowable if weren’t considered while computing income of earlier years

IN THE ITAT HYDERABAD BENCH ‘A’ Natco Pharma Ltd. Versus Deputy Commissioner of Income-tax IT APPEAL NOS. 377 (HYD.) OF 2009 AND 487 & 686 (HYD.) OF 2010 [ASSESSMENT YEARS 2005-06 & 2006-07] OCTOBER 31, 2012 ORDER Chandra Poojari, Accountant Member ITA No. 377/Hyd/2009 by the assessee is directed against the order of the CIT(A)-V, Hyderabad dated 27.1.2009 for the assessment year 2005-06. ITA No. 487/Hyd/2010 by the assessee and ITA No. 686/Hyd/2010 by the Revenue are directed against the order of the CIT(A)-V, Hyderabad dated 16.02.2010 for the assessment ...