https://www.taxtmi.com/caselaws?id=10597 The High Court allowed the appeal, overturning the Tribunal's decision, and ruled in favor of the assessee. The court held that the amount written off by the assessee qualified as a bad debt under section 36(2)(i) of the Income-tax Act. It rejected the Revenue's contention that the transaction was not genuine, emphasizing that the documentation supported the claim that the amount constituted a debt that had been written off in previous years, meeting the criteria for deduction. en-us Wed, 24 Nov 2004 00:00:00 +0530 Sun, 19 Jul 2009 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10597 The High Court allowed the appeal, overturning the Tribunal's decision, and ruled in favor of the assessee. The court held that the amount written off by the assessee qualified as a bad debt under section 36(2)(i) of the Income-tax Act. It rejected the Revenue's contention that the transaction was not genuine, emphasizing that the documentation supported the claim that the amount constituted a debt that had been written off in previous years, meeting the criteria for deduction. Case-Laws Income Tax Wed, 24 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10597