https://www.taxtmi.com/caselaws?id=210063 The High Court upheld the Tribunal's decisions on the first two issues, allowing the deductions claimed by the assessee for bad debts incurred in the course of its non-banking finance business activities. The Court found no question of law on the third issue regarding the applicability of Section 35D of the Income Tax Act, remitting the matter back to the AO for further examination based on a similar case precedent. en-us Wed, 11 May 2011 00:00:00 +0530 Thu, 04 Jul 2013 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210063 The High Court upheld the Tribunal's decisions on the first two issues, allowing the deductions claimed by the assessee for bad debts incurred in the course of its non-banking finance business activities. The Court found no question of law on the third issue regarding the applicability of Section 35D of the Income Tax Act, remitting the matter back to the AO for further examination based on a similar case precedent. Case-Laws Income Tax Wed, 11 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210063