Tribunal directed the Assessing Officer was to be directed to consider claim with reference to material on record. As regards bad debts the Assessing Officer is directed to examine contract document and take a view according to law. (AY. 2014-15)
Maytas-Rithwik (JV) v. ACIT (2023) 199 ITD 518 (Hyd) (Trib.)
S. 37(1) : Business expenditure- Payment to sub contractor-Bad debt-Government contracts-Matter remanded.[S.36(1)(vii), 36(2)]