INCOME TAX : Where assessee claimed bad debt on account of non-recovery of additional cost incurred by it on export of bags to foreign customers, since assessee had credited such amount of additional cost due from customers as income in its books of account and had offered same to tax in earlier years, thus, complied with mandate contained in 36(2), such claim of bad debts on account of additional cost incurred by it was to be allowedINCOME TAX : Where assessee claimed bad debt on account of non-recovery of additional cost incurred by it on export of bags to foreign customers, since assessee had credited such amount of additional cost due from customers as income in its books of account and had offered same to tax in earlier years, thus, complied with mandate contained in 36(2), such claim of bad debts on account of additional cost incurred by it was to be allowedwww.taxmann.com Latest Case LawsRead More
