https://www.taxtmi.com/caselaws?id=23508 Advances made for film production were written off after the projects failed, disputes remained unresolved for years, and recovery efforts did not succeed. The Tribunal held that the amount had become bad during the relevant previous year and was allowable as a bad debt or loss. The High Court treated the timing of a debt becoming bad as a question of fact and declined to interfere because the finding was supported by the record and had not been shown to be perverse. The deduction was therefore upheld in favour of the assessee. en-us Thu, 16 Mar 1989 00:00:00 +0530 Sat, 19 Dec 2009 18:09:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23508 Advances made for film production were written off after the projects failed, disputes remained unresolved for years, and recovery efforts did not succeed. The Tribunal held that the amount had become bad during the relevant previous year and was allowable as a bad debt or loss. The High Court treated the timing of a debt becoming bad as a question of fact and declined to interfere because the finding was supported by the record and had not been shown to be perverse. The deduction was therefore upheld in favour of the assessee. Case-Laws Income Tax Thu, 16 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23508