Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
ITAT Allows Bad Debt Write-Off w/o Proof of Irrevocability, Protects Legitimate Transactions
Income Tax
ITAT allowed bad debt write-off without proof of irrevocability, protecting legitimate transactions. The tribunal's decision provides relief to taxpayers facing genuine bad debts. This ruling clarifies the requirements for claiming bad debt write-offs. ITAT’s ruling protects legitimate business transactions. This decision is important for financial transactions. This judgement protects businesses.
