https://www.taxtmi.com/caselaws?id=2402 The Revenue appealed against the Tribunal's decision allowing deduction for bad debts under section 36(1)(vii) of the Income-tax Act. The court upheld the Tribunal's decision, emphasizing that the determination of bad debt is a factual matter. The court found that the debts in question had been properly accounted for by the assessee, meeting the requirements of the law. As the Revenue failed to provide valid reasons to reject the assessee's declaration of bad debt, the appeal was dismissed, and no costs were imposed. en-us Fri, 10 Feb 2006 00:00:00 +0530 Thu, 31 Jul 2008 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2402 The Revenue appealed against the Tribunal's decision allowing deduction for bad debts under section 36(1)(vii) of the Income-tax Act. The court upheld the Tribunal's decision, emphasizing that the determination of bad debt is a factual matter. The court found that the debts in question had been properly accounted for by the assessee, meeting the requirements of the law. As the Revenue failed to provide valid reasons to reject the assessee's declaration of bad debt, the appeal was dismissed, and no costs were imposed. Case-Laws Income Tax Fri, 10 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2402