https://www.taxtmi.com/caselaws?id=71722 The Appellate Tribunal ITAT Pune allowed the appeal of a registered firm regarding the disallowance of a bad debt claim amounting to Rs. 6,809. The Tribunal found that the firm had made genuine efforts to recover the debt owed by another party, which had acknowledged the debt but failed to pay. Relying on legal principles and a Bombay High Court judgment, the Tribunal determined that the debt was unrecoverable, thus permitting the bad debt claim and overturning the decisions of the ITO and the AAC. en-us Mon, 08 Sep 1980 00:00:00 +0530 Tue, 26 Apr 2011 17:31:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71722 The Appellate Tribunal ITAT Pune allowed the appeal of a registered firm regarding the disallowance of a bad debt claim amounting to Rs. 6,809. The Tribunal found that the firm had made genuine efforts to recover the debt owed by another party, which had acknowledged the debt but failed to pay. Relying on legal principles and a Bombay High Court judgment, the Tribunal determined that the debt was unrecoverable, thus permitting the bad debt claim and overturning the decisions of the ITO and the AAC. Case-Laws Income Tax Mon, 08 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71722