https://www.taxtmi.com/caselaws?id=211457 The Supreme Court remitted the matter back to the Assessing Officer for reevaluation regarding a company's bad debt claim against the Madhya Pradesh State Transport Corporation. The Court emphasized the need for a rehearing based on the appellant's valid write-off of the debt, as clarified in a previous Supreme Court judgment. The Tribunal's decision was set aside, directing both parties to present their case within three months for expedited resolution. en-us Tue, 24 Jan 2012 00:00:00 +0530 Sat, 24 Mar 2012 13:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211457 The Supreme Court remitted the matter back to the Assessing Officer for reevaluation regarding a company's bad debt claim against the Madhya Pradesh State Transport Corporation. The Court emphasized the need for a rehearing based on the appellant's valid write-off of the debt, as clarified in a previous Supreme Court judgment. The Tribunal's decision was set aside, directing both parties to present their case within three months for expedited resolution. Case-Laws Income Tax Tue, 24 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211457