https://www.taxtmi.com/caselaws?id=32937 After the amendment w.e.f. 1-4-1989 to s.36(1)(vii), the HC held the assessee no longer bears the burden of proving a debt is bad; a deduction may be claimed in the year the debt is written off in the books if the write-off is bona fide and based on commercial/business judgment. The AO may disallow only upon concluding the write-off was not bona fide. Prima facie satisfaction by the assessee, reflected in the accounts, suffices; no further proof is required. The HC agreed with the Tribunal and disposed of the appeal accordingly. en-us Mon, 09 Feb 2009 00:00:00 +0530 Fri, 05 Sep 2025 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32937 After the amendment w.e.f. 1-4-1989 to s.36(1)(vii), the HC held the assessee no longer bears the burden of proving a debt is bad; a deduction may be claimed in the year the debt is written off in the books if the write-off is bona fide and based on commercial/business judgment. The AO may disallow only upon concluding the write-off was not bona fide. Prima facie satisfaction by the assessee, reflected in the accounts, suffices; no further proof is required. The HC agreed with the Tribunal and disposed of the appeal accordingly. Case-Laws Income Tax Mon, 09 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32937