https://www.taxtmi.com/caselaws?id=67757 The Tribunal ruled in favor of the assessee, deleting the addition of Rs. 24,500 made under s. 68 of the IT Act, 1961 by the Appellate Authority Commissioner (AAC). The additions of Rs. 5000 in the trading account and Rs. 10,998 under s. 40A(3) were dismissed. However, the disallowance of the bad debt of Rs. 2000 was upheld due to insufficient evidence of its business purpose. en-us Thu, 12 Jul 1979 00:00:00 +0530 Mon, 14 Mar 2011 14:41:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67757 The Tribunal ruled in favor of the assessee, deleting the addition of Rs. 24,500 made under s. 68 of the IT Act, 1961 by the Appellate Authority Commissioner (AAC). The additions of Rs. 5000 in the trading account and Rs. 10,998 under s. 40A(3) were dismissed. However, the disallowance of the bad debt of Rs. 2000 was upheld due to insufficient evidence of its business purpose. Case-Laws Income Tax Thu, 12 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67757