https://www.taxtmi.com/caselaws?id=179738 The appeal was dismissed, and the claim of Rs. 32.5 lakhs as business expenditure under section 37 of the Income Tax Act was disallowed. The delay in filing the appeal was condoned due to the Manager's indisposition supported by a Medical Certificate. The Assessing Officer disallowed the claim as the deposits were not written off in the books and had not been claimed as irrecoverable. The Tribunal agreed that the deposits had not become irrecoverable as they were renewed after maturity, and the claim was not supported by sufficient evidence. en-us Fri, 08 Apr 2011 00:00:00 +0530 Wed, 09 Mar 2016 10:13:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179738 The appeal was dismissed, and the claim of Rs. 32.5 lakhs as business expenditure under section 37 of the Income Tax Act was disallowed. The delay in filing the appeal was condoned due to the Manager's indisposition supported by a Medical Certificate. The Assessing Officer disallowed the claim as the deposits were not written off in the books and had not been claimed as irrecoverable. The Tribunal agreed that the deposits had not become irrecoverable as they were renewed after maturity, and the claim was not supported by sufficient evidence. Case-Laws Income Tax Fri, 08 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179738