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Relief to Thomas Press: ITAT deletes Disallowance of Rs.1.23 Cr in Bad Debts due to Double Taxation

Update / Judgement Date

16 Mar 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Income TaxOther Legal Matters

The ITAT has deleted a ₹1.23 crore disallowance in bad debts for Thomas Press due to double taxation. The tribunal emphasized the need to avoid double taxation. This decision protects taxpayers from unwarranted burdens. The ruling clarifies the treatment of bad debts.