No Need to Prove Bad Debt Once Written Off in books: ITAT Hyderabad

Nuevosol Energy Private Limited Vs ACIT (ITAT Hyderabad)

Once debt is written off in books assessee is not required to prove that debt has become bad or not

ITAT Hyderabad held that once the debt has been written off in the books of accounts as irrecoverable, assessee is not required to prove that the debt had become bad or not. Accordingly, deduction for bad debts written off allowed u/s 36(1)(vii) r.w.s. 36(2).

Facts- The case of the assessee was selected for scrutiny. During the course of assessment proceedings and on perusal of the books of accoun

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