Tribunal held that the provision for bad debt and commission expenses which is in the nature of profits and gains of the assessee, are held to be allowable as deduction. (AY.2012-13)
Rishabh Sahkari Sakh Sanstha Mydt v. ITO (2020) 77 ITR 26 (SN) (Indore)(Trib.)
S. 80P : Co-operative societies-Provision for bad debt-Commission expenses-Deductible. [S.80P(2)]