Income Tax Addition on bad and doubtful debts: SC rules in favour of Gillette India [Read Order]

SC rules in favour of Gillette India in the matter arising from a ruling concerning the income tax addition on bad and doubtful debts
By Kalyani B. Nair - On January 11, 2024 12:33 pm - 2 mins read
debts - Income Tax Addition - Income Tax - SC - Gillette India - SC rules in favour of Gillette India - taxscan

The Supreme Court of India ruled in favour of Gillette India in the matter arising from a ruling concerning the income tax addition on bad and doubtful debts. One of the issues before the Rajasthan High Court was regarding whether the addition of Rs.3,02,29,057/- made under Section 36(1) (vii) on account of provisions of bad…

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