https://www.taxtmi.com/caselaws?id=65733 The Tribunal allowed the appeal by the assessee, directing the Income Tax Officer (ITO) to permit the deduction of bad debts amounting to Rs. 7,60,845 under Section 36 of the Income Tax Act. The Tribunal found that the debt had indeed become bad, despite recovery efforts by the assessee being deemed insufficient by the Appellate Assistant Commissioner (AAC). The case was restored to the ITO for further action in compliance with the Tribunal's decision. en-us Mon, 31 Mar 1980 00:00:00 +0530 Fri, 18 Feb 2011 15:06:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65733 The Tribunal allowed the appeal by the assessee, directing the Income Tax Officer (ITO) to permit the deduction of bad debts amounting to Rs. 7,60,845 under Section 36 of the Income Tax Act. The Tribunal found that the debt had indeed become bad, despite recovery efforts by the assessee being deemed insufficient by the Appellate Assistant Commissioner (AAC). The case was restored to the ITO for further action in compliance with the Tribunal's decision. Case-Laws Income Tax Mon, 31 Mar 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65733