https://www.taxtmi.com/caselaws?id=259444 The Court dismissed the Revenue's appeal and upheld the Tribunal's decision to delete the addition made by the Assessing Officer regarding the disallowance of deduction claimed by the assessee under section 36(1)(vii) of the Income Tax Act, 1961. The Tribunal's decision was supported by the principle that for claiming deduction in relation to bad debts, the assessee only needs to establish that the debt has been written off and has become irrecoverable. The Court found no error in the Tribunal's decision and concluded that there was no substantial question of law in the appeal. en-us Mon, 27 Apr 2015 00:00:00 +0530 Mon, 11 May 2015 07:51:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259444 The Court dismissed the Revenue's appeal and upheld the Tribunal's decision to delete the addition made by the Assessing Officer regarding the disallowance of deduction claimed by the assessee under section 36(1)(vii) of the Income Tax Act, 1961. The Tribunal's decision was supported by the principle that for claiming deduction in relation to bad debts, the assessee only needs to establish that the debt has been written off and has become irrecoverable. The Court found no error in the Tribunal's decision and concluded that there was no substantial question of law in the appeal. Case-Laws Income Tax Mon, 27 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259444