https://www.taxtmi.com/caselaws?id=266107 The ITAT partially allowed the appeal regarding the disallowance of a bad debts claim amounting to Rs. 4,23,602 for the assessment year 2007-08. While most of the claim was accepted as trade debtors, one party not in the chemical business had the disallowance upheld. The remaining amount of Rs. 1,73,602 was allowed under Section 36(1)(vii) as bad debts. The ITAT set aside the CIT(A)'s decision for the remaining amount, resulting in a partial success for the assessee in this case. en-us Wed, 25 Jun 2014 00:00:00 +0530 Sat, 17 Oct 2015 23:25:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266107 The ITAT partially allowed the appeal regarding the disallowance of a bad debts claim amounting to Rs. 4,23,602 for the assessment year 2007-08. While most of the claim was accepted as trade debtors, one party not in the chemical business had the disallowance upheld. The remaining amount of Rs. 1,73,602 was allowed under Section 36(1)(vii) as bad debts. The ITAT set aside the CIT(A)'s decision for the remaining amount, resulting in a partial success for the assessee in this case. Case-Laws Income Tax Wed, 25 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266107