https://www.taxtmi.com/caselaws?id=282926 Whether a sum claimed as a bad debt qualified as a deduction under the Income-tax Act turned on proof that the debt became irrecoverable and was written off in the relevant assessment year. The court emphasised the assessee's burden to produce contemporaneous evidence - for example final dividend notification, authentic year end book entries, or other notice before year end - and treated suspicious or interpolable entries as inadequate. On the material before the tax authorities there was no clear evidence that the debt became bad in 1935-36; accordingly the claim was not established and the revenue's decision was upheld. en-us Wed, 20 Nov 1940 00:00:00 +0530 Sat, 31 Aug 2019 10:50:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282926 Whether a sum claimed as a bad debt qualified as a deduction under the Income-tax Act turned on proof that the debt became irrecoverable and was written off in the relevant assessment year. The court emphasised the assessee's burden to produce contemporaneous evidence - for example final dividend notification, authentic year end book entries, or other notice before year end - and treated suspicious or interpolable entries as inadequate. On the material before the tax authorities there was no clear evidence that the debt became bad in 1935-36; accordingly the claim was not established and the revenue's decision was upheld. Case-Laws Income Tax Wed, 20 Nov 1940 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282926