https://www.taxtmi.com/caselaws?id=6339 A deduction claimed as a bad debt was upheld where the Tribunal found that the assessee had succeeded to a money-lending business and that the sum represented an irrecoverable loan arising in that business. The High Court treated those conclusions as findings of fact based on evidence, and the appellate court saw no basis to interfere with them in further appeal. On that footing, the amount was accepted as a bad debt and the department's challenge failed. en-us Tue, 10 Aug 1971 00:00:00 +0530 Thu, 04 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6339 A deduction claimed as a bad debt was upheld where the Tribunal found that the assessee had succeeded to a money-lending business and that the sum represented an irrecoverable loan arising in that business. The High Court treated those conclusions as findings of fact based on evidence, and the appellate court saw no basis to interfere with them in further appeal. On that footing, the amount was accepted as a bad debt and the department's challenge failed. Case-Laws Income Tax Tue, 10 Aug 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6339