https://www.taxtmi.com/forum/issue?id=111107 The core issue is whether bad debts are allowable under Section 36 when loans to illiterate borrowers were effected by intermediaries and secured by stolen articles, with the tax officer treating the advances as resulting from third party fraud; the reply stresses lodging a criminal complaint and producing corroborative records (FIR, investigation reports, KYC and lending documentation, and recovery efforts) to discharge the evidentiary burden and support claim of genuineness of the debt. en-us Tue, 08 Nov 2016 13:10:05 +0530 Thu, 23 Jan 2025 15:56:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111107 The core issue is whether bad debts are allowable under Section 36 when loans to illiterate borrowers were effected by intermediaries and secured by stolen articles, with the tax officer treating the advances as resulting from third party fraud; the reply stresses lodging a criminal complaint and producing corroborative records (FIR, investigation reports, KYC and lending documentation, and recovery efforts) to discharge the evidentiary burden and support claim of genuineness of the debt. Discussion-Forum Income Tax Tue, 08 Nov 2016 13:10:05 +0530 https://www.taxtmi.com/forum/issue?id=111107