https://www.taxtmi.com/caselaws?id=234578 The Tribunal allowed the Revenue's appeal for statistical purposes, condoning the delay in filing. The claim of bad debts by the assessee for A.Y. 2008-2009 was allowed under section 36(1)(vii) of the I.T. Act, 1961. The assessee was deemed eligible for the deduction, supported by a Supreme Court decision. The Tribunal remitted the verification of bad debt write-offs in individual borrower accounts to the Assessing Officer. The Revenue's grounds challenging the CIT(A)'s decision were partly dismissed, with some deemed general and not requiring adjudication. The order was pronounced on June 7, 2013. en-us Fri, 07 Jun 2013 00:00:00 +0530 Tue, 18 Jun 2013 13:48:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234578 The Tribunal allowed the Revenue's appeal for statistical purposes, condoning the delay in filing. The claim of bad debts by the assessee for A.Y. 2008-2009 was allowed under section 36(1)(vii) of the I.T. Act, 1961. The assessee was deemed eligible for the deduction, supported by a Supreme Court decision. The Tribunal remitted the verification of bad debt write-offs in individual borrower accounts to the Assessing Officer. The Revenue's grounds challenging the CIT(A)'s decision were partly dismissed, with some deemed general and not requiring adjudication. The order was pronounced on June 7, 2013. Case-Laws Income Tax Fri, 07 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234578