https://www.taxtmi.com/caselaws?id=18096 The High Court of Madhya Pradesh addressed two issues involving the deduction of bad debts claimed by the assessee. The Tribunal's disallowance of the amounts led to the matter being referred to the High Court. In the first case, doubts arose regarding the nature of the loans given the personal guarantees involved. In the second case, inconsistencies with a previous appeal's order required clarification. The High Court invoked section 258 of the Income-tax Act, 1961, and directed the Tribunal to make necessary additions or alterations within ten months. The applications were disposed of without costs, with a counsel fee fixed for each side in each case. en-us Fri, 08 Mar 1996 00:00:00 +0530 Sat, 26 Sep 2009 16:55:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18096 The High Court of Madhya Pradesh addressed two issues involving the deduction of bad debts claimed by the assessee. The Tribunal's disallowance of the amounts led to the matter being referred to the High Court. In the first case, doubts arose regarding the nature of the loans given the personal guarantees involved. In the second case, inconsistencies with a previous appeal's order required clarification. The High Court invoked section 258 of the Income-tax Act, 1961, and directed the Tribunal to make necessary additions or alterations within ten months. The applications were disposed of without costs, with a counsel fee fixed for each side in each case. Case-Laws Income Tax Fri, 08 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18096