https://www.taxtmi.com/caselaws?id=70582 Sur-tax was treated as not deductible in computing business profits, so that claim was disallowed. The Tribunal also held that trade dues from four sick mills had become irrecoverable by the relevant accounting date, as their liabilities far exceeded assets and later takeover under sick textile legislation confirmed the financial collapse. On that basis, the amount was regarded as a bad and doubtful debt, and the deduction was allowed for the year in question. en-us Sat, 31 Oct 1981 00:00:00 +0530 Mon, 18 Apr 2011 10:44:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70582 Sur-tax was treated as not deductible in computing business profits, so that claim was disallowed. The Tribunal also held that trade dues from four sick mills had become irrecoverable by the relevant accounting date, as their liabilities far exceeded assets and later takeover under sick textile legislation confirmed the financial collapse. On that basis, the amount was regarded as a bad and doubtful debt, and the deduction was allowed for the year in question. Case-Laws Income Tax Sat, 31 Oct 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70582