ITAT deletes Addition on account of Bad Debts claimed in  Profit and Loss Account [Read Order]

ITAT - deletes Addition on account - Bad Debts claimed in Profit and Loss Account - TAXSCAN

The Pune bench of Income Tax Appellate Tribunal (ITAT) has recently deleted the addition on account of bad debts claimed in  Profit and loss account. The Assessee Navyug Cotton Company filed an appeal before the tribunal against the order of  Commissioner of Income Tax (Appeals)[CIT(A)] in National Faceless Appeal Centre under Section 250 of the…

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