#section 36(1)(vii)
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125 articlesIncome Tax
Income Tax
Bad Debt Write-Off Not an ‘Incorrect Claim’ for Section 143(1) Adjustment
Income Tax
Income Tax
Deduction Denied for Non-Lending Income: Supreme Court Restricts Section 36(1)(viii) to First-Degree Lending Profits
Income Tax
Income Tax
Deduction Denial Reversed for Failure to Route Provision Through P&L
Income Tax
Income Tax
Advance Loss Treated as Trading Loss: ITAT Allows ₹1.5 Cr Write-Off
Income Tax
Income Tax
Banks Can Compute 36(1)(viia) on Total Income Including Capital Gains: ITAT Ahmedabad
Income Tax
Income Tax
GST Paid Due to Supplier Default Allowable as Business Expense: ITAT Chandigarh
Income Tax
Income Tax
ITAT Dismisses Revenue’s 14A, TDS & LTCG Grounds Against PNB
Income Tax
Income Tax
CIT(A) Free to Verify Evidence: ITAT Delhi Rejects Rule 46A Objection—All Disallowances Deleted
Income Tax
Income Tax
Appeal Restored Due to Sufficient Cause Arising from Mismanagement Proceedings
Income Tax
Income Tax
ITAT Bangalore Upholds 154 Rectification for Non-Rural Bad Debts u/s 36(1)(vii)
Income Tax
Income Tax
Business Loss of ₹7.66 Cr from NSEL Suspension was allowable as bad debt u/s 36(1)(vii)
Income Tax
Income Tax
No Double Deduction: ITAT Allows Separate Claims for Bad Debts – Sections 36(1)(vii) & 36(1)(viia)
Income Tax
Income Tax
Banking Business Allowed: ITAT Confirms Amortization and Standard Asset Provisions are Deductible
Income Tax
Income Tax
