https://www.taxtmi.com/caselaws?id=333073 The High Court ruled in favor of the assessee, quashing the Tribunal's order that disallowed the bad debt claimed. The Court held that post-April 1, 1989, it was not necessary for the assessee to prove irrecoverability of the debt, but sufficient if it was written off as irrecoverable in the accounts. The Court found the Tribunal's decision erroneous and directed the disallowance to be deleted, allowing the appeal in favor of the assessee. en-us Wed, 15 Jun 2016 00:00:00 +0530 Tue, 04 Oct 2016 13:28:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333073 The High Court ruled in favor of the assessee, quashing the Tribunal's order that disallowed the bad debt claimed. The Court held that post-April 1, 1989, it was not necessary for the assessee to prove irrecoverability of the debt, but sufficient if it was written off as irrecoverable in the accounts. The Court found the Tribunal's decision erroneous and directed the disallowance to be deleted, allowing the appeal in favor of the assessee. Case-Laws Income Tax Wed, 15 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333073