https://www.taxtmi.com/caselaws?id=271152 The Court upheld the Tribunal's decision to allow the bad debt claim, emphasizing the appellant's fulfillment of legal conditions under Section 36(1)(vii) and 36(2) and engagement in money lending activities. The Court dismissed the Revenue's appeal, highlighting the importance of honest judgment in determining bad debt and the relevance of the appellant's business activities in money lending. The judgment affirmed the applicability of relevant legal provisions and precedents in supporting the decision to allow the bad debt claim. en-us Mon, 11 Jan 2016 00:00:00 +0530 Fri, 13 May 2016 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271152 The Court upheld the Tribunal's decision to allow the bad debt claim, emphasizing the appellant's fulfillment of legal conditions under Section 36(1)(vii) and 36(2) and engagement in money lending activities. The Court dismissed the Revenue's appeal, highlighting the importance of honest judgment in determining bad debt and the relevance of the appellant's business activities in money lending. The judgment affirmed the applicability of relevant legal provisions and precedents in supporting the decision to allow the bad debt claim. Case-Laws Income Tax Mon, 11 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271152