Assessee's Appeal Partially Allowed: Bad Debt Disallowance Reversed, Cash Credits Under Review

The appeal by the assessee against the order of CIT(A) for asst. yr. 1991-92 was partially allowed by ITAT DELHI-D. The disallowance of bad debt of Rs. 5,51,108 was reversed as it was proven to have been written off during the relevant year. The addition of Rs. 3 lakhs on account of cash credits was sent back to AO for further review. The appeal was allowed in part, with directions for consequential relief on interest under s. 234B and 234C.

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The appeal by the assessee against the order of CIT(A) for asst. yr. 1991-92 was partially allowed by ITAT DELHI-D. The disallowance of bad debt of Rs. 5,51,108 was reversed as it was proven to have been written off during the relevant year. The addition of Rs. 3 lakhs on account of cash credits was sent back to AO for further review. The appeal was allowed in part, with directions for consequential relief on interest under s. 234B and 234C.

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