https://www.taxtmi.com/caselaws?id=204911 The Tribunal upheld the decision to allow the bad debts claimed by the assessee under section 36(1)(vii) of the Income-tax Act, 1961. The Revenue's appeal challenging the disallowance of bad debts was dismissed, affirming that the bad debts were written off as irrecoverable in the accounts, in accordance with the law and relevant court precedents. The Tribunal's ruling aligned with the Supreme Court's position that establishing irrecoverability is not necessary post-April 1, 1989, as long as the debts are written off in the accounts. en-us Wed, 19 Jan 2011 00:00:00 +0530 Thu, 20 Dec 2012 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204911 The Tribunal upheld the decision to allow the bad debts claimed by the assessee under section 36(1)(vii) of the Income-tax Act, 1961. The Revenue's appeal challenging the disallowance of bad debts was dismissed, affirming that the bad debts were written off as irrecoverable in the accounts, in accordance with the law and relevant court precedents. The Tribunal's ruling aligned with the Supreme Court's position that establishing irrecoverability is not necessary post-April 1, 1989, as long as the debts are written off in the accounts. Case-Laws Income Tax Wed, 19 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204911