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![Bad Debt of NBFC is Deductible under Income Tax Act though the Assessee maintains Two Seperate Set of Books: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/Bad-Debt-Taxscan.jpg "Bad Debt of NBFC is Deductible under Income Tax Act though the Assessee maintains Two Seperate Set of Books: Madras HC [Read Judgment]")
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...