https://www.taxtmi.com/caselaws?id=181509 The CIT(A) upheld the disallowance of bad debts/trading loss made by the Assessing Officer, leading to grievances from both parties. The Assessing Officer disallowed a significant amount, but the CIT(A) allowed the claim as a business loss in some cases. The CIT(A) admitted additional evidences objected by the Assessing Officer and considered them in decision-making. The CIT(A) confirmed the disallowance of business loss in certain instances due to failure in establishing unrecoverability. The Tribunal affirmed relief in some cases but upheld disallowance where losses were not sufficiently proven. en-us Tue, 29 Sep 2015 00:00:00 +0530 Tue, 19 Apr 2016 12:03:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181509 The CIT(A) upheld the disallowance of bad debts/trading loss made by the Assessing Officer, leading to grievances from both parties. The Assessing Officer disallowed a significant amount, but the CIT(A) allowed the claim as a business loss in some cases. The CIT(A) admitted additional evidences objected by the Assessing Officer and considered them in decision-making. The CIT(A) confirmed the disallowance of business loss in certain instances due to failure in establishing unrecoverability. The Tribunal affirmed relief in some cases but upheld disallowance where losses were not sufficiently proven. Case-Laws Income Tax Tue, 29 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181509