https://www.taxtmi.com/caselaws?id=2473 The High Court upheld the Tribunal's decisions, denying the deduction of bad debts and rejecting the claim for deduction under Section 80HHC due to the lack of exports originating from India. The Court emphasized the necessity for establishing irrecoverability for bad debt deduction and the requirement for goods to be exported from India to qualify for relief under Section 80HHC. It was clarified that if the bad debt status changes in subsequent years, the assessee can seek deduction accordingly. en-us Fri, 10 Nov 2006 00:00:00 +0530 Mon, 13 Jun 2016 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2473 The High Court upheld the Tribunal's decisions, denying the deduction of bad debts and rejecting the claim for deduction under Section 80HHC due to the lack of exports originating from India. The Court emphasized the necessity for establishing irrecoverability for bad debt deduction and the requirement for goods to be exported from India to qualify for relief under Section 80HHC. It was clarified that if the bad debt status changes in subsequent years, the assessee can seek deduction accordingly. Case-Laws Income Tax Fri, 10 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2473