https://www.taxtmi.com/caselaws?id=215292 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of a claim of bad debts amounting to Rs. 19,00,000. The Tribunal emphasized that the appellant was engaged in money lending activities and had correctly written off the bad debt in accordance with Section 36(1)(vii) of the Income Tax Act. Despite opposition from the Departmental Representative, the Tribunal found no grounds to interfere with the CIT(A)'s order and dismissed the Revenue's appeal, affirming the deletion of the disallowance. en-us Tue, 05 Jun 2012 00:00:00 +0530 Tue, 10 Jul 2012 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215292 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of a claim of bad debts amounting to Rs. 19,00,000. The Tribunal emphasized that the appellant was engaged in money lending activities and had correctly written off the bad debt in accordance with Section 36(1)(vii) of the Income Tax Act. Despite opposition from the Departmental Representative, the Tribunal found no grounds to interfere with the CIT(A)'s order and dismissed the Revenue's appeal, affirming the deletion of the disallowance. Case-Laws Income Tax Tue, 05 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215292