https://www.taxtmi.com/caselaws?id=395815 Bad-debt disallowance was deleted where, although direct ledger evidence for older periods was unavailable, the assessee showed the debts as sundry debtors in audited balance sheets and maintained consistent treatment in earlier years; the Tribunal treated these surrounding circumstances and human probabilities as sufficient to support the claim that the debts had earlier been taken into account in computing income. The additional ground on the nature of land sold required factual verification because the agricultural character of the land was not adequately established on the existing record, so the matter was remanded to the AO for fresh adjudication under the statutory definition of agricultural land. en-us Mon, 01 Jun 2020 00:00:00 +0530 Wed, 06 Nov 2024 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395815 Bad-debt disallowance was deleted where, although direct ledger evidence for older periods was unavailable, the assessee showed the debts as sundry debtors in audited balance sheets and maintained consistent treatment in earlier years; the Tribunal treated these surrounding circumstances and human probabilities as sufficient to support the claim that the debts had earlier been taken into account in computing income. The additional ground on the nature of land sold required factual verification because the agricultural character of the land was not adequately established on the existing record, so the matter was remanded to the AO for fresh adjudication under the statutory definition of agricultural land. Case-Laws Income Tax Mon, 01 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395815