No Proof of Payment from Debtor: Delhi HC upholds Income Tax Deduction of Bad Debts u/s 36(1)(vii) [Read Order]

Payment - Debtor - Delhi HC - Deduction - Bed Debts - taxscan

The division bench of the Delhi High Court has held that there was no proof of payment from the debtor and upholds deduction of bad debts u/s 36(1)(vii). The Assessing Officer during assessment proceedings disallowed the deduction of Rs.4,07,53,938/- claimed on account of bad debts written off and added to the total income of the…

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