https://www.taxtmi.com/caselaws?id=328629 The High Court upheld the CIT(Appeals) decision, dismissing the Revenue's appeal regarding the deletion of an addition under Section 40(a)(ix) claimed by a share broker as bad debt. The judgment emphasized the transactional nature of the debt and cited precedents, including decisions from the ITAT special bench Mumbai and Delhi High Court. The High Court concluded that no legal question arose as the Delhi High Court's judgment was already upheld in appeal, resulting in the dismissal of the Tax Appeal. en-us Mon, 06 Jun 2016 00:00:00 +0530 Thu, 09 Jun 2016 19:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328629 The High Court upheld the CIT(Appeals) decision, dismissing the Revenue's appeal regarding the deletion of an addition under Section 40(a)(ix) claimed by a share broker as bad debt. The judgment emphasized the transactional nature of the debt and cited precedents, including decisions from the ITAT special bench Mumbai and Delhi High Court. The High Court concluded that no legal question arose as the Delhi High Court's judgment was already upheld in appeal, resulting in the dismissal of the Tax Appeal. Case-Laws Income Tax Mon, 06 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328629