COMMISSIONER OF INCOME-TAX AND ACIT. Versus M/s KIRLOSKAR SYSTEMS LTD - Income Tax - KARNATAKA HIGH COURT - HC - Provision for bad debts Held that - The assessee is entitled to the benefit of rejection under Section 36(1)(vii) of the Income Tax Act, 1961 (for short the Act ) when there is an actual write off by the assessee in its book Following COMMISSIONER OF INCOME TAX VS. YOKOGAWA INDIA LTD 2012 (9) TMI 390 - ITAT BANGALORE - Adjustment of provision for bad and doubtful debts is reduc................................... Income Tax - Case Laws
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