https://www.taxtmi.com/caselaws?id=68258 The Tribunal ruled in favor of the assessee, allowing the claim for writing off Rs. 69,039 as a bad debt. It was established that the business continued during the relevant year, and even minimal transactions were sufficient to maintain business continuity. The rejection of the claim by the authorities was deemed unjustified as the assessee had made genuine efforts to recover the outstanding amount before declaring it as a bad debt. The Tribunal directed the Income-tax Officer to permit the bad debt, ultimately deciding in favor of the assessee. en-us Mon, 10 Jan 1983 00:00:00 +0530 Mon, 13 Jun 2011 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68258 The Tribunal ruled in favor of the assessee, allowing the claim for writing off Rs. 69,039 as a bad debt. It was established that the business continued during the relevant year, and even minimal transactions were sufficient to maintain business continuity. The rejection of the claim by the authorities was deemed unjustified as the assessee had made genuine efforts to recover the outstanding amount before declaring it as a bad debt. The Tribunal directed the Income-tax Officer to permit the bad debt, ultimately deciding in favor of the assessee. Case-Laws Income Tax Mon, 10 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68258