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<h1>Delhi High Court: Bad Debt of Rs. 34,95,000 Deductible under Tax Law</h1> The Delhi High Court allowed the bad debt amounting to Rs. 34,95,000 as a deduction under Section 36(1)(vii) and Section 36(2) of the Act. The court held ... - The Delhi High Court admitted the case and identified two key questions of law for consideration regarding the disallowance of a bad debt amounting to Rs. 34,95,000 under Section 36(1)(vii) and Section 36(2) of the Act. Final arguments were heard, and judgment was reserved pending written submissions from both parties within one week.