https://www.taxtmi.com/caselaws?id=289670 Rule 8D was held inapplicable to assessment years before 2008-09, so a disallowance under section 14A based on that rule for assessment year 2006-07 could not stand and required fresh consideration by the assessing authority. The note also states that interest dues written off in the books as irrecoverable, where the corresponding income had earlier been offered to tax on accrual basis, satisfied section 36(1)(vii); actual proof of irrecoverability was not required once the write-off was made, and the bad debt deduction was allowable. en-us Wed, 21 Nov 2012 00:00:00 +0530 Thu, 13 Aug 2020 14:07:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289670 Rule 8D was held inapplicable to assessment years before 2008-09, so a disallowance under section 14A based on that rule for assessment year 2006-07 could not stand and required fresh consideration by the assessing authority. The note also states that interest dues written off in the books as irrecoverable, where the corresponding income had earlier been offered to tax on accrual basis, satisfied section 36(1)(vii); actual proof of irrecoverability was not required once the write-off was made, and the bad debt deduction was allowable. Case-Laws Income Tax Wed, 21 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289670