https://www.taxtmi.com/caselaws?id=66760 The Appellate Tribunal allowed the appeal of the assessee, directing the Income Tax Officer to allow the deduction of Rs. 60,851 as a bad debt for the assessment year 1981-82. The Tribunal upheld the claim based on the honest belief of the assessee regarding the irrecoverability of the debt, distinguishing it from previous decisions and emphasizing the need for an honest judgment by the assessee in such matters. en-us Thu, 13 Feb 1986 00:00:00 +0530 Mon, 07 Mar 2011 11:16:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66760 The Appellate Tribunal allowed the appeal of the assessee, directing the Income Tax Officer to allow the deduction of Rs. 60,851 as a bad debt for the assessment year 1981-82. The Tribunal upheld the claim based on the honest belief of the assessee regarding the irrecoverability of the debt, distinguishing it from previous decisions and emphasizing the need for an honest judgment by the assessee in such matters. Case-Laws Income Tax Thu, 13 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66760