https://www.taxtmi.com/caselaws?id=180313 The Tribunal upheld the disallowance of bad debts claimed by the assessee amounting to Rs. 2,92,70,003. The assessee's appeal for reconsideration was dismissed as the Tribunal found insufficient evidence to support the claim, noting the lack of documentation and contradictions in submissions. The Tribunal emphasized the necessity of satisfying the conditions under section 36(2) for bad debt allowance, ultimately affirming the initial disallowance decision. The Miscellaneous Application was rejected, and the Tribunal reiterated its inability to review its own order. en-us Fri, 14 May 2010 00:00:00 +0530 Mon, 21 Mar 2016 13:07:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180313 The Tribunal upheld the disallowance of bad debts claimed by the assessee amounting to Rs. 2,92,70,003. The assessee's appeal for reconsideration was dismissed as the Tribunal found insufficient evidence to support the claim, noting the lack of documentation and contradictions in submissions. The Tribunal emphasized the necessity of satisfying the conditions under section 36(2) for bad debt allowance, ultimately affirming the initial disallowance decision. The Miscellaneous Application was rejected, and the Tribunal reiterated its inability to review its own order. Case-Laws Income Tax Fri, 14 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180313