Write-off in books sufficient to claim it as bad debts: ITAT Ahmedabad

Ajitsinh Takhatsinh Baraiya Vs ITO (ITAT Ahmedabad) ITAT Ahmedabad held that bad debts written off as irrecoverable in books is enough and it is not necessary to demonstrate that a debt has become bad. Accordingly, addition on account of bad debts liable to be deleted. Facts- The assessee is an individual engaged in the business of manpower supply exclusively to M/s Harsha Engineers Limited. During assessment proceedings, AO observed that the assessee claimed a sum of ₹27,92,370/- as expenditure under the head “Contribution to PF,” supposedly on account of deductions made by the service...