https://www.taxtmi.com/caselaws?id=62442 The Tribunal allowed the appeal, permitting the deduction of Rs. 7,281 for bad debts and accepting the claim for legal expenses of Rs. 2,869. The decision was based on evidence showing that the cloth business was temporarily suspended, not discontinued, as argued by the assessee. The Tribunal found the debts claimed to be bad were mostly minor and allowed the deductions, overturning the lower authorities' disallowances. Additionally, the legal expenses were deemed admissible deductions due to the temporary suspension of the business, with no dispute over the genuineness of the expenses. en-us Wed, 05 Oct 1977 00:00:00 +0530 Wed, 19 Jan 2011 18:36:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62442 The Tribunal allowed the appeal, permitting the deduction of Rs. 7,281 for bad debts and accepting the claim for legal expenses of Rs. 2,869. The decision was based on evidence showing that the cloth business was temporarily suspended, not discontinued, as argued by the assessee. The Tribunal found the debts claimed to be bad were mostly minor and allowed the deductions, overturning the lower authorities' disallowances. Additionally, the legal expenses were deemed admissible deductions due to the temporary suspension of the business, with no dispute over the genuineness of the expenses. Case-Laws Income Tax Wed, 05 Oct 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62442