Tribunal held that the assessee was entitled to deduction of the bad debts once he had written off the debt in the books of account. The assessee was not required to justify the irrecoverability of the amount from the debtors. As regards allowability of deduction in respect of land levelling charges ( AY.2014-15)
Arvindkumar K. Patel v. Dy. CIT (2020)78 ITR 625 (Ahd) (Trib)
S. 36(1)(vii) :Bad debt – Write off in books of account – Real estate business transaction – Entitle to deduction -Land levelling charges- Allowable as deduction .