https://www.taxtmi.com/caselaws?id=120562 The Tribunal allowed the appeal of the State Government Undertaking, holding that the claim for bad debts was allowable as it was written off in the books of account for the relevant previous year, despite the decision being taken after the financial year-end. The Tribunal emphasized that the interpretation favorable to the assessee should be adopted, supported by various Supreme Court decisions. en-us Fri, 11 Apr 2008 00:00:00 +0530 Sat, 21 Jul 2012 12:26:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120562 The Tribunal allowed the appeal of the State Government Undertaking, holding that the claim for bad debts was allowable as it was written off in the books of account for the relevant previous year, despite the decision being taken after the financial year-end. The Tribunal emphasized that the interpretation favorable to the assessee should be adopted, supported by various Supreme Court decisions. Case-Laws Income Tax Fri, 11 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120562