https://www.taxtmi.com/caselaws?id=284693 The Tribunal partly allowed the Revenue's appeal, directing a fresh decision on the bad debt issue under section 36(1)(vii) and upholding the deletion of the addition related to the suppression of sale price of debentures. The Tribunal emphasized the need to establish bad debts as irrecoverable for deduction purposes and accepted the genuineness of the debenture transactions conducted at arm's length, citing relevant court decisions. en-us Fri, 09 Nov 2012 00:00:00 +0530 Wed, 04 Dec 2019 10:30:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284693 The Tribunal partly allowed the Revenue's appeal, directing a fresh decision on the bad debt issue under section 36(1)(vii) and upholding the deletion of the addition related to the suppression of sale price of debentures. The Tribunal emphasized the need to establish bad debts as irrecoverable for deduction purposes and accepted the genuineness of the debenture transactions conducted at arm's length, citing relevant court decisions. Case-Laws Income Tax Fri, 09 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284693