https://www.taxtmi.com/caselaws?id=406371 The Tribunal allowed the appeal by the assessee regarding the disallowance of the claim for write-off of bad debts related to investments in National Spot Exchange. The Tribunal found that the Assessing Officer had erroneously rejected the claim without proper consideration of the submissions provided by the assessee. Emphasizing legal provisions and precedents supporting the allowance of bad debts write-off without the need to prove irrecoverability, the Tribunal set aside the assessment order and ruled in favor of the assessee. en-us Wed, 24 Mar 2021 00:00:00 +0530 Mon, 12 Apr 2021 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406371 The Tribunal allowed the appeal by the assessee regarding the disallowance of the claim for write-off of bad debts related to investments in National Spot Exchange. The Tribunal found that the Assessing Officer had erroneously rejected the claim without proper consideration of the submissions provided by the assessee. Emphasizing legal provisions and precedents supporting the allowance of bad debts write-off without the need to prove irrecoverability, the Tribunal set aside the assessment order and ruled in favor of the assessee. Case-Laws Income Tax Wed, 24 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406371