https://www.taxtmi.com/caselaws?id=70675 The Tribunal allowed the appellant's claim for bad debts, emphasizing fulfillment of CIF contract conditions and genuine efforts in debt recovery. The Tribunal determined that the transaction resulted in a completed sale under CIF contracts, with the buyer obligated to pay upon document receipt. By aligning with CIF contract terms and demonstrating sincere attempts at recovery, the appellant's bad debt write-off was deemed valid. The Tribunal overturned lower authorities' decisions, recognizing the appellant's adherence to CIF contract obligations and supporting the legitimacy of the bad debt claim. en-us Fri, 18 Jan 2008 00:00:00 +0530 Fri, 14 Jun 2013 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70675 The Tribunal allowed the appellant's claim for bad debts, emphasizing fulfillment of CIF contract conditions and genuine efforts in debt recovery. The Tribunal determined that the transaction resulted in a completed sale under CIF contracts, with the buyer obligated to pay upon document receipt. By aligning with CIF contract terms and demonstrating sincere attempts at recovery, the appellant's bad debt write-off was deemed valid. The Tribunal overturned lower authorities' decisions, recognizing the appellant's adherence to CIF contract obligations and supporting the legitimacy of the bad debt claim. Case-Laws Income Tax Fri, 18 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70675