Bad Debt Claims, MAT Credit Corrections, and Rectification Orders Remanded for Verification and Natural Justice
Bad Debt Claims, MAT Credit Corrections, and Rectification Orders Remanded for Verification and Natural Justice Issue Whether the write-off of advances, correction of MAT credit without a revised return, and ex-parte rectification orders adding FTS disallowances require factual verification and adherence to natural justice. Facts Bad Debts/Advances Write-off: For AY 2011-12, the assessee (an automotive… Read More »