https://www.taxtmi.com/caselaws?id=26799 The court upheld the taxability of credits totaling Rs. 45,000 and Rs. 67,500 as income, dismissing the petitioner's claims of bad debt recoveries. Additionally, the disallowance of Rs. 5,000 as capital expenditure was affirmed. The court emphasized the limits of judicial review under Article 226, stating it cannot re-evaluate factual findings unless they are perverse. The Commissioner's order under Section 264 was deemed valid, with the court dismissing the writ petitions and awarding costs of Rs. 250 to the respondents. en-us Thu, 11 Jul 1985 00:00:00 +0530 Mon, 08 Feb 2010 15:24:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26799 The court upheld the taxability of credits totaling Rs. 45,000 and Rs. 67,500 as income, dismissing the petitioner's claims of bad debt recoveries. Additionally, the disallowance of Rs. 5,000 as capital expenditure was affirmed. The court emphasized the limits of judicial review under Article 226, stating it cannot re-evaluate factual findings unless they are perverse. The Commissioner's order under Section 264 was deemed valid, with the court dismissing the writ petitions and awarding costs of Rs. 250 to the respondents. Case-Laws Income Tax Thu, 11 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26799