https://www.taxtmi.com/caselaws?id=280215 The Privy Council held that the assessee does not have the authority to unilaterally declare debts as bad for income tax purposes. Determining whether a debt is bad and when it became bad are factual issues to be decided by the appropriate tribunal based on evidence, not by the assessee. The appeal was allowed, and the order of the Assistant Commissioner disallowing Rs. 7,481-13-9 as bad debts was restored. No costs were awarded for the appeal. en-us Tue, 26 Apr 1932 00:00:00 +0530 Thu, 25 Apr 2019 12:07:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280215 The Privy Council held that the assessee does not have the authority to unilaterally declare debts as bad for income tax purposes. Determining whether a debt is bad and when it became bad are factual issues to be decided by the appropriate tribunal based on evidence, not by the assessee. The appeal was allowed, and the order of the Assistant Commissioner disallowing Rs. 7,481-13-9 as bad debts was restored. No costs were awarded for the appeal. Case-Laws Income Tax Tue, 26 Apr 1932 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280215