![Relief to Louis Berger Group: ITAT allows Bad Debts Deductions Citing Debts Written Off as per S. 36(1)(vii) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Delhi-Louis-Berger-Group-Bad-Debts-Deduction-Income-Tax-Relief-to-Louis-Berger-Group-Taxscan.jpg "Relief to Louis Berger Group: ITAT allows Bad Debts Deductions Citing Debts Written Off as per S. 36(1)(vii) [Read Order]")
Relief to Louis Berger Group: ITAT allows Bad Debts Deductions Citing Debts Written Off as per S. 36(1)(vii) [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the Louis Berger Group Bad Debts deduction claim citing debts were written off as...
![Income Tax Addition on bad and doubtful debts: SC rules in favour of Gillette India [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/debts-Income-Tax-Addition-Income-Tax-SC-Gillette-India-SC-rules-in-favour-of-Gillette-India-taxscan.jpg "Income Tax Addition on bad and doubtful debts: SC rules in favour of Gillette India [Read Order]")
![Bad debts acquired from predecessor-in-interest: Delhi HC upholds deletion of disallowance on bad debts amounting to Rs 5 crores [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Predecessor-in-Interest-Delhi-HC-Disallowance-Bad-Debts-taxscan.jpg "Bad debts acquired from predecessor-in-interest: Delhi HC upholds deletion of disallowance on bad debts amounting to Rs 5 crores [Read Order]")
![Debts Claim Allowable Only if Nexus with Carrying on of Business or Trade is Established: ITAT Directs CIT(A) Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Debts-Claim-Allowable-Debts-Claim-Claim-Debts-Nexus-Carrying-on-of-Business-or-Trade-is-Established-Business-Trade-ITAT-Directs-CITA-Re-adjudication-ITAT-CITA-Re-adjudication-Taxscan.jpg "Debts Claim Allowable Only if Nexus with Carrying on of Business or Trade is Established: ITAT Directs CIT(A) Re-adjudication [Read Order]")
![Deduction Allowable on written off Bad Debts since Unpaid Portion of Sale Amount and Bad Debts written off Claimed are Same: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Deduction-Allowable-on-written-off-Bad-Debts-Unpaid-Portion-Unpaid-Portion-of-Sale-Amount-Sale-Amount-Bad-Debts-written-off-ITAT-Income-Tax-taxscan.jpg "Deduction Allowable on written off Bad Debts since Unpaid Portion of Sale Amount and Bad Debts written off Claimed are Same: ITAT [Read Order]")
A Solitary Opportunity of one day given to respond with Show Cause Notice is not valid: ITAT quashes Revisional Order [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal(ITAT)while quashing the revisional order held that a solitary opportunity of one day given to respond with show cause notice is not valid. M/s....
![A Solitary Opportunity of one day given to respond with Show Cause Notice is not valid: ITAT quashes Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Revisional-Order-Solitary-Opportunity-Show-Cause-Notice-ITAT-Income-Tax-taxscan-.jpg "A Solitary Opportunity of one day given to respond with Show Cause Notice is not valid: ITAT quashes Revisional Order [Read Order]")
Writing off Bad Debts eligible for deduction, but no details regarding exact nature of transactions given: ITAT restores the matter to CIT(A)
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench while restoring the matter back to the CIT(A) held that the assessee apart from writing off of bad debts in the books of accounts, the...
Bad Debts Acquired from Predecessor-in-Interest: Delhi HC upholds Disallowance on Bad Debts amounting to Rs 5 crores [Read Order]
The Delhi High Court upheld the disallowance amounting to Rupees 5 crores on bad debts as they were obtained from predecessor-in-interest. The sole ground on which the impugned order is sought to...
ITAT Rejects claim for Deduction since chances of recovery of Refundable Security Deposit are not lost completely as matter is Sub-judice [Read Order]
A bench of Shri Sunil Kumar Yadav (judicial member) of ITAT rejected the claim for deduction under Section 36(2) of the Income Tax Act, 1961 since the chances of recovery of refundable security...
![ITAT Rejects claim for Deduction since chances of recovery of Refundable Security Deposit are not lost completely as matter is Sub-judice [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "ITAT Rejects claim for Deduction since chances of recovery of Refundable Security Deposit are not lost completely as matter is Sub-judice [Read Order]")