https://www.taxtmi.com/caselaws?id=62766 The Tribunal denied the assessee's claim for deduction of Rs. 60 lakhs due to loss from dacoity, as the loss belonged to another entity and could not be claimed by the assessee. Additionally, the claim for deduction as bad debts under section 36(2)(i) was disallowed, as the amount did not meet the criteria for being considered a bad debt and belonged to a different entity. The Tribunal upheld the income-tax authorities' decision, dismissing the assessee's appeal without costs. en-us Fri, 07 Mar 2008 00:00:00 +0530 Fri, 10 Mar 2023 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62766 The Tribunal denied the assessee's claim for deduction of Rs. 60 lakhs due to loss from dacoity, as the loss belonged to another entity and could not be claimed by the assessee. Additionally, the claim for deduction as bad debts under section 36(2)(i) was disallowed, as the amount did not meet the criteria for being considered a bad debt and belonged to a different entity. The Tribunal upheld the income-tax authorities' decision, dismissing the assessee's appeal without costs. Case-Laws Income Tax Fri, 07 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62766