The 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.( AY.2014-15)
Arvindkumar K. Patel v. Dy. CIT (2020)78 ITR 625 (Ahd) (Trib)
S. 36(1)(vii) :Bad debt -Mere write off in the books of account is sufficient compliance – Not required to justify the irrecoverability of the amount from the debtors.