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 upholds Disallowance on Bad Debts, limits Unrecovered Debtors’ Balance to Rs.228.87 lakhs
Appeal Against OrderIncome Tax
The ITAT upheld the disallowance of bad debts, limiting it to unrecovered debtors' balances. This decision clarifies the tax treatment of bad debts. It ensures that disallowances are proportionate. This ruling underscores the need for clear guidelines on bad debt assessments. It emphasizes the importance of fair assessments. The ITAT's order protects the rights of taxpayers.
