Adjustment Against Bad and Doubtful Debts Amounts to Actual Writing Off of Bad Debts: ITAT [Read Order]

Adjustment - Adjustment Against Bad and Doubtful Debts - Doubtful Debts - Bad Debts - ITAT -Income Tax - taxscan

The Income Tax Appellate Tribunal (ITAT) of Ahmedabad bench has held that adjustment against bad and doubtful debts amounts to actual writing off of bad debts. Integra Engineering India Ltd., the assessee is a limited company engaged in the business of manufacturing and selling textile machinery, spares, and job work. The assessee has written off…

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