Disallowance of bad debts in case of running account with the party is justified

Brief of the Case

ITAT Ahmedabad held In the case of Amar Enterprise vs. ITO that in the present case, the AO has demonstrated that the assessee has continued business transactions with the concerned party. It is also not disputed that the assessee has received payments from the concerned party. Hence, disallowance of bad debts is justified.

Facts of the Case

The case of the assessee was picked up for

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