https://www.taxtmi.com/caselaws?id=237526 The High Court dismissed the Income Tax Appeal, affirming that the assessee's writing off of bad debts as irrecoverable complied with the provisions of Section 36(1)(vii) post-amendment, without the need for additional evidence of recovery efforts. The judgment emphasized the shift in the burden of proof from demonstrating bad debt to writing it off as irrecoverable, aligning with the legislative intent of the amended provisions. en-us Tue, 06 Aug 2013 00:00:00 +0530 Mon, 30 Sep 2013 08:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237526 The High Court dismissed the Income Tax Appeal, affirming that the assessee's writing off of bad debts as irrecoverable complied with the provisions of Section 36(1)(vii) post-amendment, without the need for additional evidence of recovery efforts. The judgment emphasized the shift in the burden of proof from demonstrating bad debt to writing it off as irrecoverable, aligning with the legislative intent of the amended provisions. Case-Laws Income Tax Tue, 06 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237526