Bad debts W/o cannot be disallowed for non-filing of suit to recover Bad debts

Pr. CIT Vs. Rajasthan State Beverages Corpn. Ltd. (Rajasthan High Court) Privilege fee paid to Government is allowable as revenue expenditure This Court has extensively considered the aforesaid two questions in assessee’s own case vide judgment and order date 26-5-2016 referred to (supra) and has held that the privilege fees being a revenue expenditure, is required to be allowed as a revenue expenditure PF and ESI payments were made beyond due dates under relevant statutes, however, same were paid before due date under section 139(1), therefore, no dis allowance could be made under sect...