PR. COMMISSIONER OF INCOME TAX 6 vs. KHYATI REALTORS PVT. LTD
The appeal is allowed, in the above terms, without order on costs
C.A. No.-005804-005804 - 2022Supreme Court25 Aug 2022
Bench: HON'BLE THE CHIEF JUSTICE
Section 142(1)Section 143(2)Section 143(3)Section 260ASection 36(1)(vii)Section 36(2)
viia) of sub-section (1) applies, no such deduction shall be allowed
unless the assessee has debited the amount of such debt or part of debt in that
previous year to the provision for bad and doubtful debts account made under that
clause.”
Section 37 reads as follows:
“37. (1) Any expenditure (not being expenditure of the nature described
