https://www.taxtmi.com/caselaws?id=68024 The Tribunal upheld the CIT's order on the disallowance of bad debts for the assessment year 1982-83, stating that the assessee, as a selling agent, was not responsible for the quality of goods. However, the Tribunal vacated the CIT's order on the capitalization of expenses for the assessment year 1981-82, as the expenses were not found to be of a capital nature. Overall, the appeal for the assessment year 1981-82 was fully allowed, while the appeal for the assessment year 1982-83 was partly allowed. en-us Mon, 26 Aug 1991 00:00:00 +0530 Wed, 16 Mar 2011 14:28:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68024 The Tribunal upheld the CIT's order on the disallowance of bad debts for the assessment year 1982-83, stating that the assessee, as a selling agent, was not responsible for the quality of goods. However, the Tribunal vacated the CIT's order on the capitalization of expenses for the assessment year 1981-82, as the expenses were not found to be of a capital nature. Overall, the appeal for the assessment year 1981-82 was fully allowed, while the appeal for the assessment year 1982-83 was partly allowed. Case-Laws Income Tax Mon, 26 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68024