Case Law Details
Case Name : Stock point Share Services Private Ltd Vs. The Assistant Commissioner Of Income Tax (Kerala High Court)
Related Assessment Year :
Courts :
All High Courts Kerala High Court
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The claim of the assessee that the amount has to be treated as a bad debt and has to be allowed as an expenditure in the year in which it was written off has to be appreciated in the light of the provisions contained in Section 36 of the Income Tax Act. Section 36 provides other deductions and in terms of this provision, deductions provided for in the Section shall be allowed in respect of the matters dealt with therein in computing the income referred to in Section 28, and Clause-(vii) of Section 36(1) provides that, subject to the provisions of sub-sec
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