Suppressed Receipts Addition Deleted: ITAT Accepts Reversal of Income as Irrecoverable Bad Debt

Ravi Yantriki Udyog Private Limited Vs ITO (ITAT Pune) Suppressed Receipts Addition Deleted: ITAT Accepts Reversal of Income as Irrecoverable Bad Debt; 26AS Mismatch Resolved: ITAT Pune Deletes Addition as Income Was Written Off in the Books; Taxing Unpaid Bills: ITAT Upholds Right to Write Off Income Reversal Under Mercantile System; Irrecoverable Dues Deduction: ITAT Pune Deletes Addition Made Solely Based on Form 26AS Credit Assessee, engaged in erection & commissioning of industrial plants, was subjected to scrutiny for mismatch between Form 26AS receipts & P&L income. AO no...