Vidras India Ceramics (P.) Ltd. v. DCIT (2021) 190 ITD 551 (Ahd.) (Trib.)

S. 36(1)(vii) : Bad debt-Provision made in respect of doubtful debts-Reduced from balance sheet from sundry debtors / trade receivable.

Held that since assessee-company has debited provision made in respect of doubtful debts to profit and loss account and also reduced same amount in balance sheet from sundry debtors/trade receivable, such simultaneous reduction from sundry debtors amounted to actual write off of debt and hence same was to be allowed as deduction under section 36(1)(vii) of the Act.  (AY. 2014-15)