https://www.taxtmi.com/caselaws?id=415877 The Appellate Tribunal upheld the decision of the Commissioner (Appeals) to delete the disallowance of bad debt written off by the assessee. The Tribunal found that the assessee had taken adequate steps, including issuing a legal notice, and met the legal requirements post the relevant amendment. The Tribunal emphasized that it is not mandatory for the assessee to prove irrecoverability but only to show the debt has been written off. The appeal by the revenue was dismissed, citing relevant case law and the decision was pronounced on 23rd November 2021. en-us Tue, 23 Nov 2021 00:00:00 +0530 Thu, 16 Dec 2021 09:07:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415877 The Appellate Tribunal upheld the decision of the Commissioner (Appeals) to delete the disallowance of bad debt written off by the assessee. The Tribunal found that the assessee had taken adequate steps, including issuing a legal notice, and met the legal requirements post the relevant amendment. The Tribunal emphasized that it is not mandatory for the assessee to prove irrecoverability but only to show the debt has been written off. The appeal by the revenue was dismissed, citing relevant case law and the decision was pronounced on 23rd November 2021. Case-Laws Income Tax Tue, 23 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415877