https://www.taxtmi.com/caselaws?id=237615 The High Court ruled in favor of the assessee regarding the disallowance of the deduction for bad debts under section 36(1)(vii) of the Income Tax Act. However, the Court decided against the assessee on the issue of the deduction for the premium paid to LIC under section 37(1) of the Act. en-us Mon, 29 Jul 2013 00:00:00 +0530 Wed, 02 Oct 2013 22:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237615 The High Court ruled in favor of the assessee regarding the disallowance of the deduction for bad debts under section 36(1)(vii) of the Income Tax Act. However, the Court decided against the assessee on the issue of the deduction for the premium paid to LIC under section 37(1) of the Act. Case-Laws Income Tax Mon, 29 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237615