No Need to Prove Irrecoverability of Debts: ITAT Ahmedabad

Ishan Equipments Pvt Ltd Vs DCIT (ITAT Ahmedabad)

In a significant ruling, the Income Tax Appellate Tribunal (ITAT) Ahmedabad bench recently ruled in favor of Ishan Equipments Pvt Ltd in its dispute against the Deputy Commissioner of Income Tax (DCIT) regarding disallowances under Sections 37 and 36(1)(vii) of the Income Tax Act. The case centered on two primary disallowances: a penalty expense and a bad debt write-off, both of which were initially disallowed by the Assessing Officer (AO).

Case Background

Ishan Equipments Pvt Ltd, a company engaged in

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