https://www.taxtmi.com/caselaws?id=64834 A bad debt written off in the relevant year is deductible under the amended law, with any subsequent recovery to be taxed as income in the year of receipt; the assessee's claim was allowed on that basis. A cash credit addition was set aside and restored to the Assessing Officer for fresh adjudication because the assessee had sought a proper opportunity to file confirmations and explain the credit. Interest under sections 234B and 234C was treated as consequential to the final tax computation, so relief on that issue followed the revised assessment outcome. en-us Fri, 17 May 2002 00:00:00 +0530 Thu, 10 Feb 2011 15:18:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64834 A bad debt written off in the relevant year is deductible under the amended law, with any subsequent recovery to be taxed as income in the year of receipt; the assessee's claim was allowed on that basis. A cash credit addition was set aside and restored to the Assessing Officer for fresh adjudication because the assessee had sought a proper opportunity to file confirmations and explain the credit. Interest under sections 234B and 234C was treated as consequential to the final tax computation, so relief on that issue followed the revised assessment outcome. Case-Laws Income Tax Fri, 17 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64834