BEIERSDORF INDIA (P) LTD.,PANAJI vs. INCOME TAX OFFICER, WARD - 2(4),, PANAJI
In the result, appeal of assessee is partly allowed
ITA 337/PAN/2018[2014-15]Status: DisposedITAT Panaji17 Aug 2022AY 2014-15
Bench: Shri Chandra Mohan Garg & Shri Girish Agrawal
For Appellant: Sh D.E. Robinson, AdvocateFor Respondent: Sh Ranjan Kumar, CIT-DR
Section 28Section 36Section 43Section 43(5)
43(5) of the Act as the loss incurred on Stock Exchange which was not recognized at the time of entering into the transactions. It was submitted by the Ld. D.R. that the investigation into the matter as brought out by the A.O. is still pending and hence, the amount cannot be claimed as bad debt as well