DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1, JALANDHAR vs. MEASAGE BHAGWATI LACTO VEGETARIAN EXPORTS (P) LIMITED, FEROZEPUR CANTT
In the result, the appeal filed by the Revenue is dismissed
ITA 1/ASR/2020[2016-17]Status: DisposedITAT Amritsar17 Feb 2023AY 2016-17
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
For Appellant: None (Written submission)For Respondent: Sh. Rohit Mehra, CIT DR
Section 36Section 36(1)(vii)
disallowance in bad debts claimed at Rs.1,98,63,037/- in contravention of
6
Dy. CIT v. Bhagwati Lacto Vegetarian Exports P. Ltd.
specific provisions of section 36(1)(vii) of the I.T. Act, 1961. The ld. DR
argued that the CIT(A) has granted relief to the assessee without
appreciating the fact that bad debts were not written