https://www.taxtmi.com/caselaws?id=209309 The court upheld the Tribunal's decision to allow the bad debt claim under sections 36(1)(vii) and 36(2)(iii) of the Income-tax Act for the assessment year 1989-90. It found the statutory conditions fulfilled, including the write-off in the books of account. The court clarified the provisions of section 36(2)(iii) and ruled in favor of the assessee, dismissing the appeal. The judgment affirmed that the appellant failed to establish the debt as bad and that the conditions for claiming deduction of bad debts were satisfied, leading to the rejection of the challenge. en-us Fri, 25 Feb 2011 00:00:00 +0530 Wed, 24 Jul 2013 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209309 The court upheld the Tribunal's decision to allow the bad debt claim under sections 36(1)(vii) and 36(2)(iii) of the Income-tax Act for the assessment year 1989-90. It found the statutory conditions fulfilled, including the write-off in the books of account. The court clarified the provisions of section 36(2)(iii) and ruled in favor of the assessee, dismissing the appeal. The judgment affirmed that the appellant failed to establish the debt as bad and that the conditions for claiming deduction of bad debts were satisfied, leading to the rejection of the challenge. Case-Laws Income Tax Fri, 25 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209309