Relief to Bosch Limited: ITAT deletes Income Tax Addition on reduction of Bad Debts from Sundry Receivables and debited to Profit and Loss account [Read Order]

By Taxscan Team - On October 25, 2022 9:45 pm - 2 mins read
Bosch Limited - ITAT - Income Tax - Bad Debts - Sundry Receivables - Profit and Loss account - taxscan

The Income Tax Appellate Tribunal (ITAT), Bangalore deleted addition on reduction of bad debts from Sundry Receivables and debited to Profit and Loss account thereby granting Relief to Bosch Limited. The assessee, Bosch Limited has debited a sum of Rs.19,44,73,470 towards provision for doubtful debts. The assessee submitted before the AO that the provision for…

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