https://www.taxtmi.com/caselaws?id=9475 The High Court upheld the Tribunal's decision against the assessee, denying the deduction claimed for bad debts due to failure to prove irrecoverability within the relevant previous year as required by section 36(2)(i)(b) of the Income-tax Act, 1961. The court emphasized the necessity of writing off bad debts in the accounts and highlighted that a provision for bad and doubtful debts does not meet the criteria for deduction. Legal precedents were cited to support the decision, emphasizing the importance of proving irrecoverability in the previous year. The judgment underscores the strict criteria and burden of proof for claiming deductions for bad debts under the Act. en-us Wed, 14 Dec 2005 00:00:00 +0530 Tue, 23 Jun 2009 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9475 The High Court upheld the Tribunal's decision against the assessee, denying the deduction claimed for bad debts due to failure to prove irrecoverability within the relevant previous year as required by section 36(2)(i)(b) of the Income-tax Act, 1961. The court emphasized the necessity of writing off bad debts in the accounts and highlighted that a provision for bad and doubtful debts does not meet the criteria for deduction. Legal precedents were cited to support the decision, emphasizing the importance of proving irrecoverability in the previous year. The judgment underscores the strict criteria and burden of proof for claiming deductions for bad debts under the Act. Case-Laws Income Tax Wed, 14 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9475