https://www.taxtmi.com/highlights?id=25507 Claim of bad debts - nature of amount received on settlement - whether towards principal or interest - in view of sections 60 of the Indian Contract Act it is at the option of the person receiving money to adjust the same either against the principal or interest as it deem fit - HC en-us Fri, 23 Oct 2015 22:14:14 +0530 Fri, 23 Oct 2015 22:14:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=25507 Claim of bad debts - nature of amount received on settlement - whether towards principal or interest - in view of sections 60 of the Indian Contract Act it is at the option of the person receiving money to adjust the same either against the principal or interest as it deem fit - HC Highlights Income Tax Fri, 23 Oct 2015 22:14:14 +0530 https://www.taxtmi.com/highlights?id=25507