https://www.taxtmi.com/caselaws?id=266145 The ITAT Mumbai allowed the appeal of the assessee regarding the disallowance of a bad debt claimed under section 36(1)(vii) of the Income Tax Act, 1961. The Tribunal held that writing off a debt in the accounts was sufficient to claim the deduction, citing established legal precedents. It emphasized that proving irrecoverability post-April 1989 was not necessary. Relying on case law such as T.R.F. Ltd. vs CIT, the Tribunal partially allowed the appeal, granting the deduction for the bad debt claimed by the assessee. en-us Mon, 18 May 2015 00:00:00 +0530 Sat, 17 Oct 2015 23:27:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266145 The ITAT Mumbai allowed the appeal of the assessee regarding the disallowance of a bad debt claimed under section 36(1)(vii) of the Income Tax Act, 1961. The Tribunal held that writing off a debt in the accounts was sufficient to claim the deduction, citing established legal precedents. It emphasized that proving irrecoverability post-April 1989 was not necessary. Relying on case law such as T.R.F. Ltd. vs CIT, the Tribunal partially allowed the appeal, granting the deduction for the bad debt claimed by the assessee. Case-Laws Income Tax Mon, 18 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266145