https://www.taxtmi.com/caselaws?id=121271 The Tribunal upheld the decision of the CIT(A) in a revenue appeal regarding relief for bad debts under section 36(1)(viia)(b) for the assessment year 2000-01. The Tribunal ruled that the deduction for bad debts should not exceed the actual bad debts written off in the books of account, ensuring compliance with the deduction ceiling. Consequently, the Tribunal dismissed the revenue's appeal, affirming the CIT(A)'s decision to allow the assessee's claim for further deduction. en-us Wed, 05 Aug 2009 00:00:00 +0530 Fri, 27 Jul 2012 18:40:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121271 The Tribunal upheld the decision of the CIT(A) in a revenue appeal regarding relief for bad debts under section 36(1)(viia)(b) for the assessment year 2000-01. The Tribunal ruled that the deduction for bad debts should not exceed the actual bad debts written off in the books of account, ensuring compliance with the deduction ceiling. Consequently, the Tribunal dismissed the revenue's appeal, affirming the CIT(A)'s decision to allow the assessee's claim for further deduction. Case-Laws Income Tax Wed, 05 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121271