https://www.taxtmi.com/caselaws?id=69339 The Tribunal allowed the accountable persons' request to substitute the final settlement amount for the original valuation of debts due to the Estate, considering the uncertain recovery prospects. Regarding the debt due from Palania Murugan Textiles, the Tribunal supported the claim of irrecoverability made by the accountable persons. For debts from J.D. Radhakrishnan & Brothers, the Tribunal directed the Asstt. Controller to allow the claim of non-realizability. However, the claim regarding debts from G. Krishnaswami Naidu and G. Devarajulu Naidu was rejected due to insufficient substantiation. Disputes over the valuation of lands at Koundampalayam and Thudialur were settled by the Tribunal, providing relief based on revised valuations. en-us Sat, 04 Apr 1981 00:00:00 +0530 Wed, 06 Apr 2011 12:50:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69339 The Tribunal allowed the accountable persons' request to substitute the final settlement amount for the original valuation of debts due to the Estate, considering the uncertain recovery prospects. Regarding the debt due from Palania Murugan Textiles, the Tribunal supported the claim of irrecoverability made by the accountable persons. For debts from J.D. Radhakrishnan & Brothers, the Tribunal directed the Asstt. Controller to allow the claim of non-realizability. However, the claim regarding debts from G. Krishnaswami Naidu and G. Devarajulu Naidu was rejected due to insufficient substantiation. Disputes over the valuation of lands at Koundampalayam and Thudialur were settled by the Tribunal, providing relief based on revised valuations. Case-Laws Income Tax Sat, 04 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69339