https://www.taxtmi.com/caselaws?id=213692 The High Court upheld the decision of the Income Tax Appellate Tribunal (ITAT) regarding the deduction claimed by the assessee on account of bad debts under Section 36(i)(vii) of the Income Tax Act, 1961 for the assessment year 2003-04. The ITAT allowed the deduction for a portion of the bad debts that were proven to have been accounted for as income, but disallowed the remaining amount as the assessee failed to provide sufficient evidence. The High Court emphasized that once factual findings are accepted, any challenge by the Revenue must fail, and concluded that no question of law arose in this case, dismissing the appeal. en-us Mon, 21 May 2012 00:00:00 +0530 Tue, 29 May 2012 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213692 The High Court upheld the decision of the Income Tax Appellate Tribunal (ITAT) regarding the deduction claimed by the assessee on account of bad debts under Section 36(i)(vii) of the Income Tax Act, 1961 for the assessment year 2003-04. The ITAT allowed the deduction for a portion of the bad debts that were proven to have been accounted for as income, but disallowed the remaining amount as the assessee failed to provide sufficient evidence. The High Court emphasized that once factual findings are accepted, any challenge by the Revenue must fail, and concluded that no question of law arose in this case, dismissing the appeal. Case-Laws Income Tax Mon, 21 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213692