https://www.taxtmi.com/caselaws?id=76626 SC held the assessment defective and remanded the matter for de novo consideration because the Assessing Officer failed to verify whether the debt was actually written off in the assessee's accounts. The court noted that on write-off the bad debt account is debited and the debtor's account closed (or, for companies, a provision is deducted from sundry debtors), and emphasized the necessity of factual examination for the disputed A.Ys including pre- and post-1 Apr 1989 treatment. en-us Tue, 09 Feb 2010 00:00:00 +0530 Sat, 18 Oct 2025 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76626 SC held the assessment defective and remanded the matter for de novo consideration because the Assessing Officer failed to verify whether the debt was actually written off in the assessee's accounts. The court noted that on write-off the bad debt account is debited and the debtor's account closed (or, for companies, a provision is deducted from sundry debtors), and emphasized the necessity of factual examination for the disputed A.Ys including pre- and post-1 Apr 1989 treatment. Case-Laws Income Tax Tue, 09 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76626