https://www.taxtmi.com/caselaws?id=259206 The High Court upheld the Tribunal's decision regarding the assessee's claim for bad debts under Section 36(1)(vii) of the Income Tax Act, 1961. It was found that the write off of bad debts did not require complete irrecoverability, in line with the Supreme Court's ruling in T.R.F Ltd. v. Commissioner of Income Tax. The Court noted the changes in the provision pre and post the 1989 amendment, allowing for the write off of bad debts without proving complete irrecoverability. The appeal by the Revenue was dismissed as no substantial question of law was raised. en-us Fri, 17 Apr 2015 00:00:00 +0530 Mon, 04 May 2015 06:42:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259206 The High Court upheld the Tribunal's decision regarding the assessee's claim for bad debts under Section 36(1)(vii) of the Income Tax Act, 1961. It was found that the write off of bad debts did not require complete irrecoverability, in line with the Supreme Court's ruling in T.R.F Ltd. v. Commissioner of Income Tax. The Court noted the changes in the provision pre and post the 1989 amendment, allowing for the write off of bad debts without proving complete irrecoverability. The appeal by the Revenue was dismissed as no substantial question of law was raised. Case-Laws Income Tax Fri, 17 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259206