Case Law Details
Case Name : Bajaj Auto Finance Ltd. Vs. Commissioner of Income Tax (Bombay High Court)
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All High Courts Bombay High Court
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Bajaj Auto Finance Ltd. Vs. CIT (Bombay High Court)
While mere making of provision for bad debts will not by itself (on application of amended law) entitle the party to deduction, yet it would be a matter where the assessee should be given an opportunity to establish its claim. This by producing its evidence of the manner in which it treated the provision of bad debts written off in accounts as well as in its Balance Sheet. Therefore, the dis allowance cannot be made by intimation under section 143(1)(a) of the Act, as it requires Please become a Premium member. If you are already a Premium member, login here to access the full content.
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