https://www.taxtmi.com/caselaws?id=282925 A debt is deductible as a bad debt only if the assessee proves that, at the time of write-off, there was no reasonable expectation of recovery and no real hope of realisation. The surrounding conduct here-continued dealings with the debtor, filing a recovery suit, accepting later recoveries, and treating subsequent hundies as receivable-showed that irrecoverability had not been established in the relevant year. The burden of proof remained on the assessee and was not discharged, so the claimed deduction was not allowable and the disallowance was upheld. en-us Thu, 26 Oct 1961 00:00:00 +0530 Sat, 31 Aug 2019 10:47:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282925 A debt is deductible as a bad debt only if the assessee proves that, at the time of write-off, there was no reasonable expectation of recovery and no real hope of realisation. The surrounding conduct here-continued dealings with the debtor, filing a recovery suit, accepting later recoveries, and treating subsequent hundies as receivable-showed that irrecoverability had not been established in the relevant year. The burden of proof remained on the assessee and was not discharged, so the claimed deduction was not allowable and the disallowance was upheld. Case-Laws Income Tax Thu, 26 Oct 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282925