{"id":23796,"date":"2022-01-11T12:31:24","date_gmt":"2022-01-11T07:01:24","guid":{"rendered":"https:\/\/itatonline.org\/digest\/jay-ashkaran-shah-v-ito-2021-190-itd-208-mum-trib\/"},"modified":"2022-01-11T12:31:24","modified_gmt":"2022-01-11T07:01:24","slug":"jay-ashkaran-shah-v-ito-2021-190-itd-208-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/jay-ashkaran-shah-v-ito-2021-190-itd-208-mum-trib\/","title":{"rendered":"Jay Ashkaran Shah v. ITO (2021) 190 ITD 208 (Mum.)(Trib.)"},"content":{"rendered":"<p>Due to sudden closure of trading, assessee could not recover outstanding payments to extent of certain amount from brokers. The\u00a0\u00a0 Assessee claimed the said amount as bad debt.\u00a0 The Assessing Officer disallowed the amount as premature. On appeal the Tribunal held that it was sufficient if bad debts were written off as irrecoverable in accounts of assessee. Matter remanded.\u00a0 (AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(vii) : Bad debt-Trading commodities-Amount not recoverable  was written off-Allowable as bad debt-Matter remanded.  <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-23796","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6bO","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/23796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=23796"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/23796\/revisions"}],"predecessor-version":[{"id":23797,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/23796\/revisions\/23797"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=23796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=23796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=23796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}