https://www.taxtmi.com/caselaws?id=354572 The court upheld the decision of the Commissioner (Appeals) and Tribunal, ruling that the payment of Rs. 70,00,000 was a business loss incurred during the course of business activities. Therefore, the disallowance of bad debts under section 36(2) of the Income Tax Act, 1961 was not justified. The appeal was dismissed as no substantial question of law arose from the impugned order. en-us Tue, 23 Jan 2018 00:00:00 +0530 Wed, 31 Jan 2018 18:16:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354572 The court upheld the decision of the Commissioner (Appeals) and Tribunal, ruling that the payment of Rs. 70,00,000 was a business loss incurred during the course of business activities. Therefore, the disallowance of bad debts under section 36(2) of the Income Tax Act, 1961 was not justified. The appeal was dismissed as no substantial question of law arose from the impugned order. Case-Laws Income Tax Tue, 23 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354572