https://www.taxtmi.com/caselaws?id=212396 The appeal was dismissed, upholding the decision to disallow the claim of bad debt amounting to Rs. 2,72,420 by the appellant, an agent of a non-resident shipping company. The Tribunal ruled that the tax paid by the agent for the non-resident principal cannot be considered as bad debt eligible for deduction under Sections 36 and 37 of the Income Tax Act, 1961. The appellant was directed to pay costs to the Chief Justice Relief Fund, emphasizing that tax paid by an agent for a non-resident principal does not qualify as bad debt for deduction purposes. en-us Thu, 20 Oct 2011 00:00:00 +0530 Tue, 22 May 2012 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212396 The appeal was dismissed, upholding the decision to disallow the claim of bad debt amounting to Rs. 2,72,420 by the appellant, an agent of a non-resident shipping company. The Tribunal ruled that the tax paid by the agent for the non-resident principal cannot be considered as bad debt eligible for deduction under Sections 36 and 37 of the Income Tax Act, 1961. The appellant was directed to pay costs to the Chief Justice Relief Fund, emphasizing that tax paid by an agent for a non-resident principal does not qualify as bad debt for deduction purposes. Case-Laws Income Tax Thu, 20 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212396