Bad debts of acquired co. don’t form part of operating cost for computing operating profit

IT/ILT : Where relevant bad debts related to sales made in earlier years by company acquired by assessee, same could not be added as part of operating cost for computing operating profit of assessee

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000184224/bad-debts-of-acquired-co-don’t-form-part-of-operating-cost-for-computing-operating-profit.aspx