https://www.taxtmi.com/caselaws?id=70034 The Tribunal upheld the decisions of the lower authorities, ruling that the bad debt claim of Rs. 70,525 was premature as the debt had not been conclusively proven as irrecoverable during the relevant previous year. Additionally, the revenue deduction claim for retrenchment compensation of Rs. 36,411 was disallowed as it was not considered a business loss but rather rental income. Consequently, the assessee's appeal was dismissed. en-us Wed, 14 Jul 1993 00:00:00 +0530 Wed, 13 Apr 2011 15:58:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70034 The Tribunal upheld the decisions of the lower authorities, ruling that the bad debt claim of Rs. 70,525 was premature as the debt had not been conclusively proven as irrecoverable during the relevant previous year. Additionally, the revenue deduction claim for retrenchment compensation of Rs. 36,411 was disallowed as it was not considered a business loss but rather rental income. Consequently, the assessee's appeal was dismissed. Case-Laws Income Tax Wed, 14 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70034