https://www.taxtmi.com/caselaws?id=120447 The Tribunal partly allowed the appeal, remanding the matter back to the Assessing Officer for fresh consideration on the claim of business loss of Rs. 50,26,060. The Tribunal directed the assessee to provide relevant evidence, and the Assessing Officer was instructed to re-examine the issue in the context of section 28. The disallowance of the claim of bad debt was upheld as the debts did not meet the conditions of section 36(2) for being treated as bad debts under section 36(1)(vii). en-us Wed, 30 Jul 2008 00:00:00 +0530 Fri, 20 Jul 2012 10:47:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120447 The Tribunal partly allowed the appeal, remanding the matter back to the Assessing Officer for fresh consideration on the claim of business loss of Rs. 50,26,060. The Tribunal directed the assessee to provide relevant evidence, and the Assessing Officer was instructed to re-examine the issue in the context of section 28. The disallowance of the claim of bad debt was upheld as the debts did not meet the conditions of section 36(2) for being treated as bad debts under section 36(1)(vii). Case-Laws Income Tax Wed, 30 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120447