https://www.taxtmi.com/caselaws?id=26803 The High Court upheld the Income-tax Appellate Tribunal's decision to disallow the bad debt claim by "The Popular Kuries Limited." The Court affirmed the disallowance, emphasizing the cessation of the banking business and the inapplicability of the claim to the kuri business. The judgment highlighted the distinction between the two businesses and ruled in favor of the Revenue, denying the deduction claimed by the assessee. en-us Fri, 12 Jul 1985 00:00:00 +0530 Mon, 08 Feb 2010 15:32:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26803 The High Court upheld the Income-tax Appellate Tribunal's decision to disallow the bad debt claim by "The Popular Kuries Limited." The Court affirmed the disallowance, emphasizing the cessation of the banking business and the inapplicability of the claim to the kuri business. The judgment highlighted the distinction between the two businesses and ruled in favor of the Revenue, denying the deduction claimed by the assessee. Case-Laws Income Tax Fri, 12 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26803