https://www.taxtmi.com/caselaws?id=273145 A bad debt deduction was not established merely by writing the amount off in the books, because the debt was still recent and within limitation, leaving recovery possible if the debtor's position improved. The High Court also declined to grant mandamus on the basis of letters not produced before the assessing or appellate authorities, stating it would not function as an appellate forum to admit fresh evidence. It noted, however, that the Commissioner could review the matter and consider the newly tendered letters; if genuine and if relief was justly due, appropriate relief could be granted on review. en-us Wed, 20 Nov 1940 00:00:00 +0530 Fri, 08 Jun 2018 14:48:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273145 A bad debt deduction was not established merely by writing the amount off in the books, because the debt was still recent and within limitation, leaving recovery possible if the debtor's position improved. The High Court also declined to grant mandamus on the basis of letters not produced before the assessing or appellate authorities, stating it would not function as an appellate forum to admit fresh evidence. It noted, however, that the Commissioner could review the matter and consider the newly tendered letters; if genuine and if relief was justly due, appropriate relief could be granted on review. Case-Laws Income Tax Wed, 20 Nov 1940 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273145