https://www.taxtmi.com/caselaws?id=62155 The Tribunal allowed the appeal, holding that the bad debts written off by the assessee-firm, originally due to the predecessor firm, were deductible under Section 36(2)(i)(b) of the IT Act. The debts retained their trading nature, and the assessee was entitled to the deduction, resulting in a modification of the assessment in favor of the assessee. en-us Thu, 08 May 1980 00:00:00 +0530 Tue, 18 Jan 2011 13:10:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62155 The Tribunal allowed the appeal, holding that the bad debts written off by the assessee-firm, originally due to the predecessor firm, were deductible under Section 36(2)(i)(b) of the IT Act. The debts retained their trading nature, and the assessee was entitled to the deduction, resulting in a modification of the assessment in favor of the assessee. Case-Laws Income Tax Thu, 08 May 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62155