https://www.taxtmi.com/caselaws?id=207779 The Tribunal partly allowed the appeal, upholding the deduction of bad debts on export bills under section 36(1)(vii) of the Income Tax Act. However, the disallowance of irrecoverable advances written off was remitted back to the CIT(A) for further consideration due to lack of substantiating evidence. The disallowance of interest and penal charges was dismissed as the appellant did not press for this ground during the hearing. en-us Fri, 11 Feb 2011 00:00:00 +0530 Sun, 25 Dec 2011 19:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207779 The Tribunal partly allowed the appeal, upholding the deduction of bad debts on export bills under section 36(1)(vii) of the Income Tax Act. However, the disallowance of irrecoverable advances written off was remitted back to the CIT(A) for further consideration due to lack of substantiating evidence. The disallowance of interest and penal charges was dismissed as the appellant did not press for this ground during the hearing. Case-Laws Income Tax Fri, 11 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207779