https://www.taxtmi.com/caselaws?id=265531 The Tribunal upheld the CIT(A)'s decision to grant relief for bad debts claimed by the assessee, dismissing the Revenue's appeals. The Tribunal also dismissed the cross objections filed by the assessee due to a delay in filing, emphasizing that the bad debts were incurred in the ordinary course of the legitimate money lending business, making them allowable under relevant sections of the Income Tax Act. en-us Fri, 04 Sep 2015 00:00:00 +0530 Tue, 13 Oct 2015 06:37:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265531 The Tribunal upheld the CIT(A)'s decision to grant relief for bad debts claimed by the assessee, dismissing the Revenue's appeals. The Tribunal also dismissed the cross objections filed by the assessee due to a delay in filing, emphasizing that the bad debts were incurred in the ordinary course of the legitimate money lending business, making them allowable under relevant sections of the Income Tax Act. Case-Laws Income Tax Fri, 04 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265531