https://www.taxtmi.com/caselaws?id=67069 The ITAT allowed the appeal filed by the assessee, overturning the disallowance of bad debt of Rs. 14,062 against M/s Maheshwari Trading Co. The decision was based on the failure to recover the outstanding amount, the closure of the debtor's business, and the allowance of a similar claim by another party. The ITAT relied on the decision of the Gujarat High Court and granted the deduction for bad debt in favor of the assessee. en-us Fri, 09 Mar 1984 00:00:00 +0530 Tue, 08 Mar 2011 18:49:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67069 The ITAT allowed the appeal filed by the assessee, overturning the disallowance of bad debt of Rs. 14,062 against M/s Maheshwari Trading Co. The decision was based on the failure to recover the outstanding amount, the closure of the debtor's business, and the allowance of a similar claim by another party. The ITAT relied on the decision of the Gujarat High Court and granted the deduction for bad debt in favor of the assessee. Case-Laws Income Tax Fri, 09 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67069