https://www.taxtmi.com/caselaws?id=345843 The High Court allowed the appeal, ruling in favor of the appellant assessee in a dispute concerning the deduction of bad debts under Section 36(1)(vii) of the Income Tax Act, 1961 for the assessment year 2010-11. The court held that the appellant had validly written off the bad debts, meeting the necessary conditions for the deduction, and criticized the tribunal's decision to disallow the deduction. The High Court set aside the tribunal's order and directed a fresh consideration of the appeal, emphasizing the importance of proper assessment of evidence and compliance with legal provisions in such matters. en-us Tue, 11 Jul 2017 00:00:00 +0530 Fri, 28 Jul 2017 08:29:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345843 The High Court allowed the appeal, ruling in favor of the appellant assessee in a dispute concerning the deduction of bad debts under Section 36(1)(vii) of the Income Tax Act, 1961 for the assessment year 2010-11. The court held that the appellant had validly written off the bad debts, meeting the necessary conditions for the deduction, and criticized the tribunal's decision to disallow the deduction. The High Court set aside the tribunal's order and directed a fresh consideration of the appeal, emphasizing the importance of proper assessment of evidence and compliance with legal provisions in such matters. Case-Laws Income Tax Tue, 11 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345843