https://www.taxtmi.com/caselaws?id=66024 The appeal was partly allowed by the Tribunal. The disallowance of bad debts totaling Rs. 1,10,875 was reconsidered, with directions given to the CIT(A) to assess if the liabilities were admitted or disputed and to allow bad debts in appropriate years under Section 155(6) of the Income-tax Act. The charge of interest under Sections 139 and 217 was to be adjusted proportionately based on the Tribunal's decision. en-us Mon, 28 Nov 1988 00:00:00 +0530 Sat, 19 Feb 2011 18:52:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66024 The appeal was partly allowed by the Tribunal. The disallowance of bad debts totaling Rs. 1,10,875 was reconsidered, with directions given to the CIT(A) to assess if the liabilities were admitted or disputed and to allow bad debts in appropriate years under Section 155(6) of the Income-tax Act. The charge of interest under Sections 139 and 217 was to be adjusted proportionately based on the Tribunal's decision. Case-Laws Income Tax Mon, 28 Nov 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66024