https://www.taxtmi.com/caselaws?id=401936 The HC remitted the case to the AO for fresh consideration. The tribunal's allowance of bad debts and bid loss deductions was overturned due to insufficient substantiation by the assessee. The AO must verify the claims with proper evidence, following the SC's guidance in relevant cases. The appeal was disposed of without addressing substantial legal questions. en-us Mon, 07 Dec 2020 00:00:00 +0530 Mon, 04 Nov 2024 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401936 The HC remitted the case to the AO for fresh consideration. The tribunal's allowance of bad debts and bid loss deductions was overturned due to insufficient substantiation by the assessee. The AO must verify the claims with proper evidence, following the SC's guidance in relevant cases. The appeal was disposed of without addressing substantial legal questions. Case-Laws Income Tax Mon, 07 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401936