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Documents citing M/S Subex Technologies Limited, ... vs Jcit, Bangalore on 6 September, 2022

The Karnataka State Cooperative ... vs Income Tax Officer, Ward-5(2)(1), ... on 9 April, 2026

24. The learned CIT(A) considered the materials available on record and noted that the AO disallowed a sum of ₹1,15,39,744/- claimed as provision for doubtful debts on the grounds that the same represents an unascertained liability which is not allowable under the Act. The contention of the assessee that the provision represents expected loan defaults was not accepted. Reliance was placed on the judgment of the Hon'ble Supreme Court in Southern Technologies Ltd. v. JCIT (320 ITR .
Income Tax Appellate Tribunal - Bangalore Cites 38 - Cited by 0 - Full Document

The Commercial Corporation Of India ... vs Assessee

The assessee has waited for a ITA Nos.97 to 99/B/08 6 reasonable time. Therefore, there is justification in writing off the amount as bad debts. As and when the assessee receives the money from the Government, if the assessee is so lucky, the amount can be offered as its income. Therefore, in the light of the judgment of Hon'ble Supreme Court in the case of Southern Technologies Ltd., Vs. JCIT, 320 ITR 577, we accept the contention of the assessee and direct the Assessing Officer to give deduction for the amount of bad debts written off by the assessee. This ground is decided in favour of the assessee.
Income Tax Appellate Tribunal - Bangalore Cites 2 - Cited by 0 - Full Document

The Commercial Corporation Of India ... vs Assessee

The assessee has waited for a ITA Nos.97 to 99/B/08 6 reasonable time. Therefore, there is justification in writing off the amount as bad debts. As and when the assessee receives the money from the Government, if the assessee is so lucky, the amount can be offered as its income. Therefore, in the light of the judgment of Hon'ble Supreme Court in the case of Southern Technologies Ltd., Vs. JCIT, 320 ITR 577, we accept the contention of the assessee and direct the Assessing Officer to give deduction for the amount of bad debts written off by the assessee. This ground is decided in favour of the assessee.
Income Tax Appellate Tribunal - Bangalore Cites 2 - Cited by 0 - Full Document
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