https://www.taxtmi.com/caselaws?id=6892 For an assessee already assessed on a source of income, the previous year could not be changed without the Income-tax Officer's consent, so a later return date did not displace the legally relevant accounting period. On that basis, the assessment year 1945-46 had to be tested by reference to the longer previous year ending on 17 October 1944, and the objection that the debt had not become doubtful or irrecoverable by 29 April 1944 failed. The unrecovered balance was therefore allowable as a bad debt deduction, and the issues were answered in favour of the assessee. en-us Mon, 15 Mar 1965 00:00:00 +0530 Fri, 06 Feb 2009 19:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6892 For an assessee already assessed on a source of income, the previous year could not be changed without the Income-tax Officer's consent, so a later return date did not displace the legally relevant accounting period. On that basis, the assessment year 1945-46 had to be tested by reference to the longer previous year ending on 17 October 1944, and the objection that the debt had not become doubtful or irrecoverable by 29 April 1944 failed. The unrecovered balance was therefore allowable as a bad debt deduction, and the issues were answered in favour of the assessee. Case-Laws Income Tax Mon, 15 Mar 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6892