https://www.taxtmi.com/caselaws?id=75433 The Court upheld the Tribunal's decision in a case involving bad debts and deductions under Section 80 IB of the Income-tax Act, 1961 for the assessment year 2002-03. It ruled that bad debts issue, previously considered in original proceedings, could not be reopened in reassessment. Additionally, the Court agreed with the Tribunal's decision to exclude interest income on delayed realisation of sale proceeds from the deduction under Section 80 IB, citing relevant case law. No substantial question of law was found, and the appeal was dismissed, affirming the Tribunal's decision. en-us Wed, 07 Apr 2010 00:00:00 +0530 Thu, 15 Apr 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75433 The Court upheld the Tribunal's decision in a case involving bad debts and deductions under Section 80 IB of the Income-tax Act, 1961 for the assessment year 2002-03. It ruled that bad debts issue, previously considered in original proceedings, could not be reopened in reassessment. Additionally, the Court agreed with the Tribunal's decision to exclude interest income on delayed realisation of sale proceeds from the deduction under Section 80 IB, citing relevant case law. No substantial question of law was found, and the appeal was dismissed, affirming the Tribunal's decision. Case-Laws Income Tax Wed, 07 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75433