https://www.taxtmi.com/caselaws?id=63101 A bad debt deduction was allowable where the assessee showed repeated demands for payment, personal recovery efforts, and evidence that the debtor had closed down, become defunct, and had no assets. The material established that reasonable steps had been taken to realise the outstanding debt and that it was written off only after recovery became impossible. On those facts, the debt was treated as irrecoverable in the relevant accounting year and the deduction was permitted. en-us Tue, 16 Dec 1980 00:00:00 +0530 Thu, 27 Jan 2011 18:02:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63101 A bad debt deduction was allowable where the assessee showed repeated demands for payment, personal recovery efforts, and evidence that the debtor had closed down, become defunct, and had no assets. The material established that reasonable steps had been taken to realise the outstanding debt and that it was written off only after recovery became impossible. On those facts, the debt was treated as irrecoverable in the relevant accounting year and the deduction was permitted. Case-Laws Income Tax Tue, 16 Dec 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63101