https://www.taxtmi.com/caselaws?id=261009 The Tribunal dismissed the Revenue's appeal against disallowance of bad debts amounting to Rs. 34,64,718. The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision in favor of the assessee, stating that the write-off in the accounts was sufficient evidence of the debts being bad, especially since no recovery attempts were made by the assessee. The Tribunal found that the assessee had met the necessary conditions for claiming bad debts under the Income Tax Act, ultimately confirming the decision in favor of the assessee. en-us Fri, 10 Apr 2015 00:00:00 +0530 Tue, 30 Jun 2015 06:42:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261009 The Tribunal dismissed the Revenue's appeal against disallowance of bad debts amounting to Rs. 34,64,718. The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision in favor of the assessee, stating that the write-off in the accounts was sufficient evidence of the debts being bad, especially since no recovery attempts were made by the assessee. The Tribunal found that the assessee had met the necessary conditions for claiming bad debts under the Income Tax Act, ultimately confirming the decision in favor of the assessee. Case-Laws Income Tax Fri, 10 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261009