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of <h1>Application under Section 66(3) of Indian Income Tax Act dismissed for premature write-off</h1> <h3>L Bani Mal Dalal Versus Commissioner of Income Tax</h3> L Bani Mal Dalal Versus Commissioner of Income Tax - [1941] 9 ITR 222 The High Court Lahore dismissed an application under Section 66(3) of the Indian Income Tax Act regarding the assessment of a firm for the year 1936-37. The main issue was whether a sum of Rs. 9,088 claimed as a bad debt was actually written off. The court held that there was no evidence to prove the debt had become bad in the relevant year, and the write-off was premature. Application was dismissed with costs.
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