![Customer Contracts and Assembled Workforce are “Intangible Assets”: ITAT Allows Genpact’s Depreciation Claim on Acquisition of Debt Collection Firm Acquisition in 2010 [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/500x300_2043224-itat-delhi-intangible-assets-taxscan.webp "Customer Contracts and Assembled Workforce are “Intangible Assets”: ITAT Allows Genpact’s Depreciation Claim on Acquisition of Debt Collection Firm Acquisition in 2010 [Read Order]")
Customer Contracts and Assembled Workforce are “Intangible Assets”: ITAT Allows Genpact’s Depreciation Claim on Acquisition of Debt Collection Firm Acquisition in 2010 [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) allowed Genpact Services LLC's claim for depreciation on customer contracts and ...
![ITAT Deletes Rs. 1 Crore Addition u/s 69A, Holds Bad Debt Recovery as Business Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/bad-debt.jpg "ITAT Deletes Rs. 1 Crore Addition u/s 69A, Holds Bad Debt Recovery as Business Income [Read Order]")
![ITAT upholds AOs Acceptance of Bad Debt Write-off Claim, In absence of Error [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Chennai-Bad-Debt-Bad-Debt-Write-Off-Claim-ITAT-Bad-Debt-Write-Off-ITAT-Upholds-Bad-Debt-Claim-Taxscan.jpg "ITAT upholds AOs Acceptance of Bad Debt Write-off Claim, In absence of Error [Read Order]")
![Shortage towards Principal in Lending Business Allowable as Bad Debt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Shortage-Principal-in-Lending-Business-Lending-Business-Bad-Debt-ITAT-Taxscan.jpg "Shortage towards Principal in Lending Business Allowable as Bad Debt: ITAT [Read Order]")
![VGA Digital Printers Eligible for Deduction in respect of Bad Debt from Reliance Communications: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/VGA-Digital-Printers-Eligible-Bad-Debt-Reliance-Communications-ITAT-TAXSCAN.jpg "VGA Digital Printers Eligible for Deduction in respect of Bad Debt from Reliance Communications: ITAT [Read Order]")
Loss of Investment written off as Bad Debt and Same can't Claim as Business Loss: ITAT upholds Order of CIT(A) against Ceramin India [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Loss of investment written off as bad debt and same can't claim as a business loss and upheld order of CIT(A) against...
![Loss of Investment written off as Bad Debt and Same cant Claim as Business Loss: ITAT upholds Order of CIT(A) against Ceramin India [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Loss-of-Investment-Investment-written-off-Bad-Debt-Bad-Debt-written-off-Claim-Business-Loss-ITAT-CITA-Ceramin-India-Taxscan.jpg "Loss of Investment written off as Bad Debt and Same cant Claim as Business Loss: ITAT upholds Order of CIT(A) against Ceramin India [Read Order]")
No Information available with respect to Subsequent Recovery of Bad Debts: ITAT sustains Disallowances of Bad Debt written off for Rupees Twenty Lakhs
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench sustained disallowances of bad debt written off for Rupees Twenty Lakhs as there was No information available with respect to subsequent...
ITAT allows Assessee’s Claim to Write Back Credit to Profit and Loss Account for Bad Debt made in earlier years [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench allowed the assessee’s claim to write back credit to profit and loss account for bad debt made in earlier years. The assessee company,...
![ITAT allows Assessee’s Claim to Write Back Credit to Profit and Loss Account for Bad Debt made in earlier years [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/ITAT-profit-loss-bad-debt-Taxscan.jpg "ITAT allows Assessee’s Claim to Write Back Credit to Profit and Loss Account for Bad Debt made in earlier years [Read Order]")
![No Deduction can be claimed if Bad Debt not written off: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/12/Deduction-Bad-Debt-Madras-High-Court-Taxscan.jpg "No Deduction can be claimed if Bad Debt not written off: Madras High Court [Read Judgment]")
![Investment can’t be Written Off as Bad Debt If a Project fails to Take Off: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/10/Bad-Debt-Aditya-Birla-Taxscan.jpg "Investment can’t be Written Off as Bad Debt If a Project fails to Take Off: ITAT [Read Order]")
Bad Debt is deductible once it is written off in the BoA, Assessee need not to prove that the Debt is Irrecoverable: ITAT Kolkata [Read Order]
In ITO v. M/s. Rightex Commerce Pvt. Limited, the ITAT, Kolkata held that deduction I allowable on bad debts once it is written off in the books of accounts of the assessee. While dismissing the...
![Bad Debt is deductible once it is written off in the BoA, Assessee need not to prove that the Debt is Irrecoverable: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Bad-Debt-Taxscan.jpg "Bad Debt is deductible once it is written off in the BoA, Assessee need not to prove that the Debt is Irrecoverable: ITAT Kolkata [Read Order]")
Bad Debt of NBFC is Deductible under Income Tax Act though the Assessee maintains Two Seperate Set of Books: Madras HC [Read Judgment]
The division bench of Madras High Court has held that, Bad Debt of NBFC is Deductible from Computing the Income under Income Tax Act though the Assessee maintains Two Seperate Set of Books. The...