https://www.taxtmi.com/caselaws?id=282926 In a bad debt deduction claim, the assessee bore the burden of proving both that the debt had become irrecoverable and that it became bad in the relevant accounting year. On the material before the income-tax authorities, there was no reliable evidence that the assessee knew before the close of the year that the balance was irrecoverable, and the timing of the write-off entry was not established; the entry also appeared suspicious. The court treated the year in which a debt becomes bad as ordinarily a question of fact and held that the assessee had failed to discharge that burden. The write-off was therefore premature and no referable question of law arose. 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 In a bad debt deduction claim, the assessee bore the burden of proving both that the debt had become irrecoverable and that it became bad in the relevant accounting year. On the material before the income-tax authorities, there was no reliable evidence that the assessee knew before the close of the year that the balance was irrecoverable, and the timing of the write-off entry was not established; the entry also appeared suspicious. The court treated the year in which a debt becomes bad as ordinarily a question of fact and held that the assessee had failed to discharge that burden. The write-off was therefore premature and no referable question of law arose. Case-Laws Income Tax Wed, 20 Nov 1940 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282926