https://www.taxtmi.com/caselaws?id=117594 The Tribunal allowed the appeal, accepting the appellant's bad debt claim and deleting the interest charged under section 234B. The Tribunal found the write-off of the debt bona fide, permitting the principal as a business loss and compensation and interest as bad debts under section 36. Additionally, it ruled that the appellant, believing in a loss, had no obligation to pay advance tax, thus nullifying the interest under section 234B. en-us Mon, 28 Mar 2005 00:00:00 +0530 Fri, 10 May 2024 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117594 The Tribunal allowed the appeal, accepting the appellant's bad debt claim and deleting the interest charged under section 234B. The Tribunal found the write-off of the debt bona fide, permitting the principal as a business loss and compensation and interest as bad debts under section 36. Additionally, it ruled that the appellant, believing in a loss, had no obligation to pay advance tax, thus nullifying the interest under section 234B. Case-Laws Income Tax Mon, 28 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117594