https://www.taxtmi.com/caselaws?id=119598 The Tribunal ruled in favor of the assessee on all issues for statistical purposes. It remanded the depreciation issue back to the AO for fresh adjudication. The Tribunal accepted the assessee's claims for bad debts, affirming that the write-off in the books is prima facie evidence of the debt becoming bad, thus rejecting the CIT(A)'s findings. en-us Wed, 28 Feb 2007 00:00:00 +0530 Wed, 21 Feb 2024 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119598 The Tribunal ruled in favor of the assessee on all issues for statistical purposes. It remanded the depreciation issue back to the AO for fresh adjudication. The Tribunal accepted the assessee's claims for bad debts, affirming that the write-off in the books is prima facie evidence of the debt becoming bad, thus rejecting the CIT(A)'s findings. Case-Laws Income Tax Wed, 28 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119598