Business Nexus Required for Allowance of Bad Debts Claim: ITAT

DCIT Vs Centum Learning Ltd. (ITAT Delhi)

Introduction: The Income Tax Appellate Tribunal (ITAT) Delhi’s ruling in the case of DCIT vs Centum Learning Ltd revolves around the complex legal interplay of debts claim, business nexus, and other financial nuances. The decision has been much awaited by the legal and business community for the precedence it sets. Here’s a detailed breakdown of the ruling, its background, the legal arguments presented, and the implications it holds for the business commu

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