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            Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

            Provisions expressly mentioned in the judgment/order text.

            <h1>Recovery of bad debts: excess realisation over prior deduction is taxable as business income in year of recovery.</h1> Recovery of bad debts realised after a prior deduction is chargeable as business income in the year of recovery when the amount recovered exceeds the net deduction previously claimed; the taxability depends on the identity of the assessee rather than continued existence of the business. Successors by lawful succession are not taxable on such recoveries if the deduction was allowed to the predecessor.

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