The Income Tax Appellate Tribunal, Delhi, held that the, an assessee is entitled to claim under Section 36(1)(vii) of the Income Tax Act, where the money is unable to be recovered due to inability or insolvency of the debtor to pay. In all other cases, the claim for allowance should have to be sustained under […]
The post Section 36(1)(vii) applicable in Inability or Insolvency Cases: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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