Claim of Writing Off old dues cannot allow in the Absence of Evidence, old due payable is Taxable: ITAT [Read Order]

Claim - writing off - old dues - absence of evidence - evidence - taxable - ITAT - taxscan

The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that claim of writing off old dues cannot allow in the absence of evidence and old due payable are taxable. Shri Nirav Dilipkumar Desai, the assessee is carrying out business activity as a partner in the firm related to exporting construction…

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