Mr. Kallappa Shadakshari Vs. The Income Tax Officer
Case No: ITA No. 108/Bang/2025
Court: Income Tax Appellate Tribunal, ‘A’ Bench: Bangalore
Date: 1/30/2025
Parties Involved
appellantMr. Kallappa Shadakshari
respondentThe Income Tax Officer, Ward – 1, Tiptur
Facts Summary
This is an appeal filed by Mr. Kallappa Shadakshari against the order passed by the NFAC, Delhi for the assessment year 2016-17. The assessee reported interest income on loans extended to relatives and claimed bad debts corresponding to the amounts of loans advanced. The Assessing Officer disallowed the claim of bad debts on the grounds that there was no supporting material indicating that such debts were actually written off in the books of accounts. The assessee appealed before the Learned Com…
Decision in favour of
Assessee
Legal Issues
- 1. Condonation of delay in filing the appeal
- 2. Allowance of bad debts claim against loans given to relatives
Precedents Relied Upon
2 precedents cited in this judgement.