https://www.taxtmi.com/caselaws?id=207753 The Court upheld the decision of the Tribunal to allow the deduction of bad debts claimed by the assessee under Section 36(1)(vii) of the Income Tax Act. The Court found no fault in the Tribunal's reasoning and dismissed the Revenue's appeal, stating there was no basis for interference based on illegality or perversity in the impugned order. The assessee's claim for bad debts amounting to Rs. 12,52,350 was considered irrecoverable, as supported by relevant case laws and the Commissioner of Income-tax (Appeals)'s findings. en-us Wed, 01 Dec 2010 00:00:00 +0530 Mon, 27 Jun 2011 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207753 The Court upheld the decision of the Tribunal to allow the deduction of bad debts claimed by the assessee under Section 36(1)(vii) of the Income Tax Act. The Court found no fault in the Tribunal's reasoning and dismissed the Revenue's appeal, stating there was no basis for interference based on illegality or perversity in the impugned order. The assessee's claim for bad debts amounting to Rs. 12,52,350 was considered irrecoverable, as supported by relevant case laws and the Commissioner of Income-tax (Appeals)'s findings. Case-Laws Income Tax Wed, 01 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207753