https://www.taxtmi.com/caselaws?id=63463 The Tribunal found that the CIT (Appeals) did not properly assess whether the debt written off qualified as a bad debt under section 36(1)(vii) of the Income Tax Act. Emphasizing that only bad debts are eligible for deductions, the Tribunal set aside the CIT (Appeals) order and directed reassessment to determine the nature of the written-off debt. The Revenue's appeal was allowed for statistical purposes. en-us Fri, 29 Sep 1995 00:00:00 +0530 Mon, 31 Jan 2011 11:16:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63463 The Tribunal found that the CIT (Appeals) did not properly assess whether the debt written off qualified as a bad debt under section 36(1)(vii) of the Income Tax Act. Emphasizing that only bad debts are eligible for deductions, the Tribunal set aside the CIT (Appeals) order and directed reassessment to determine the nature of the written-off debt. The Revenue's appeal was allowed for statistical purposes. Case-Laws Income Tax Fri, 29 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63463