ITAT disallows Bad Debt written off as Assessee fails to furnish information about subsequent recovery

Uma Industries Vs ITO (ITAT Ahmedabad) The appeal has been preferred by the assessee against the order of the Commissioner of Income Tax (Appeals), Gandhinagar ( ‘CIT(A)’ in short) dated 20.02.2019 arising in the assessment order dated 29.03.2016 passed by the Assessing Officer (AO) under s. 143(3) of the Income Tax Act, 1961 (the Act) concerning AY 2013-14. 2. At the outset we note that, the impugned appeal has already been listed several times and the notice intimating the date of hearing of toady was also sent upon the assessee. At the time of hearing, neither the assessee appeared nor ...