Commissioner of Income Tax-III vs. Sigma Constructions
In the result, the appeal is dismissed
ITTA/502/2013HC Telangana24 Oct 2013
Section 260Section 36(1)(vii)
Section 36(1)(vii) of the
Act and the expenditure relating to prior period could
not be claimed in the guise of bad debts. In support of
aforesaid submission, reliance has been placed on the
decision of the Supreme Court in 'GOETZE INDIA LTD.
Vs. CIT' 284 ITR 323.
5. On the other hand, learned counsel for the
assessee
