https://www.taxtmi.com/caselaws?id=174271 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision to delete the addition of bad debts under section 36(2)(i) and expenditure debited under quality rejections for assessment year 2004-05. The Tribunal emphasized that the debt write-off requirement post-1.4.1989 only needs to be reflected in the books, not proven as bad conclusively. The genuineness of the write-off can be inquired into, but infallible proof is not necessary. The revenue's appeals for bad debts in subsequent assessment years were also dismissed, along with the assessee's cross objections challenging notice validity and initiation of assessment proceedings. en-us Thu, 20 Oct 2011 00:00:00 +0530 Mon, 05 Oct 2015 15:25:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174271 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision to delete the addition of bad debts under section 36(2)(i) and expenditure debited under quality rejections for assessment year 2004-05. The Tribunal emphasized that the debt write-off requirement post-1.4.1989 only needs to be reflected in the books, not proven as bad conclusively. The genuineness of the write-off can be inquired into, but infallible proof is not necessary. The revenue's appeals for bad debts in subsequent assessment years were also dismissed, along with the assessee's cross objections challenging notice validity and initiation of assessment proceedings. Case-Laws Income Tax Thu, 20 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174271