SUPREME COURT OF INDIA
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SPECIAL LEAVE TO APPEAL (C) NO. 36438 OF 2013
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Commissioner of Income-tax-II, Lucknow..............................Appellant.
v.
U. P. Rajkiya Nirman Nigam Ltd.
........................................Respondent |
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ANIL R. DAVE AND ADARSH KUMAR GOEL, JJ.
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| Date :NOVEMBER 23, 2015 |
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| Appearances |
Ms. Rekha Pandey, R.M. Bajaj and Mrs. Anil Katiyar, Advs. for the Petitioner. Rajat Singh and Tushar Bakshi, Advs. for the Respondent.
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Section 36(1)(vii) of the Income Tax Act, 1961 — Business Expenditure — Bad debts — Bad debts could be written off even after closure of accounting period and same was to be allowed under section 36(1)(vii) where accounts of assessee were open and subject to correction by auditors — Commissioner of Income Tax vs. UP Rajkiya Nirman Nigam Ltd.
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ORDER
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[2016] 236 TAXMAN 393 (SC) |
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