Dismissing the appeal of the revenue the Court held that when there is no incriminating material was found addition cannot be made, addition cannot be made in respect of write off of bad debt. (AY. 2009-10)
PCIT v. Rameshbhai Jivraj Desai (2020) 275 Taxman 522 (Guj.)(HC)
S. 153A : Assessment-Search-Bad debt-No incriminating documents-Deletion of addition is held to be justified.