https://www.taxtmi.com/caselaws?id=26602 The High Court ruled in favor of the assessee, allowing the deduction for bad debts claimed under section 36(2) of the Income-tax Act, 1961. The court determined that the reconstituted firm should be treated as a continuation of the former partnership, emphasizing the continuity maintained through the reconstitution process. The court found that the assessee provided sufficient proof of bad debts, which was considered a question of fact already addressed and confirmed by the Tribunal. The judgment favored the assessee against the Revenue, directing the Income-tax Appellate Tribunal, Cochin Bench, to receive a copy of the judgment. en-us Tue, 23 Jul 1985 00:00:00 +0530 Sat, 06 Feb 2010 12:50:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26602 The High Court ruled in favor of the assessee, allowing the deduction for bad debts claimed under section 36(2) of the Income-tax Act, 1961. The court determined that the reconstituted firm should be treated as a continuation of the former partnership, emphasizing the continuity maintained through the reconstitution process. The court found that the assessee provided sufficient proof of bad debts, which was considered a question of fact already addressed and confirmed by the Tribunal. The judgment favored the assessee against the Revenue, directing the Income-tax Appellate Tribunal, Cochin Bench, to receive a copy of the judgment. Case-Laws Income Tax Tue, 23 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26602