https://www.taxtmi.com/caselaws?id=62563 The appeal was partially allowed for statistical purposes. The disallowance of Rs. 31,05,000 as bad debts and the claim of the same amount as a trading loss were rejected. The disallowance of entertainment expenditure of Rs. 20,638 was not pursued before the Tribunal. The issue of interest paid of Rs. 46,133 was remanded back to the CIT(A) for reconsideration, with directions to provide a reasonable opportunity for the assessee to present their case. en-us Tue, 24 Jan 1995 00:00:00 +0530 Thu, 20 Jan 2011 14:00:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62563 The appeal was partially allowed for statistical purposes. The disallowance of Rs. 31,05,000 as bad debts and the claim of the same amount as a trading loss were rejected. The disallowance of entertainment expenditure of Rs. 20,638 was not pursued before the Tribunal. The issue of interest paid of Rs. 46,133 was remanded back to the CIT(A) for reconsideration, with directions to provide a reasonable opportunity for the assessee to present their case. Case-Laws Income Tax Tue, 24 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62563