https://www.taxtmi.com/caselaws?id=70454 The Tribunal dismissed the appeal, holding that the amount of Rs. 25,593 could not be deducted either as a bad debt or a business loss. The decision was based on the absence of evidence to establish that the amount had become irrecoverable and that it was not advanced during the ordinary course of money-lending business. The Tribunal's decision aligned with legal principles established in previous judgments by the Supreme Court and the Madras High Court. en-us Thu, 17 Oct 1985 00:00:00 +0530 Sat, 16 Apr 2011 12:44:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70454 The Tribunal dismissed the appeal, holding that the amount of Rs. 25,593 could not be deducted either as a bad debt or a business loss. The decision was based on the absence of evidence to establish that the amount had become irrecoverable and that it was not advanced during the ordinary course of money-lending business. The Tribunal's decision aligned with legal principles established in previous judgments by the Supreme Court and the Madras High Court. Case-Laws Income Tax Thu, 17 Oct 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70454