https://www.taxtmi.com/caselaws?id=33821 The Court upheld the Tribunal's decision regarding the disallowance of bad debt under section 36(1)(vii) of the Income-tax Act, emphasizing that if the debt was written off as irrecoverable, it satisfied the legal requirements. The Court also supported the Tribunal's direction to re-adjudicate the exclusion of interest on bank deposit for deduction under section 80HHC, leading to the dismissal of the appeal as no legal question arose. The judgment relied on legal provisions and precedents, resulting in the dismissal of the appeal on both issues. en-us Wed, 27 Feb 2008 00:00:00 +0530 Fri, 08 Jul 2016 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33821 The Court upheld the Tribunal's decision regarding the disallowance of bad debt under section 36(1)(vii) of the Income-tax Act, emphasizing that if the debt was written off as irrecoverable, it satisfied the legal requirements. The Court also supported the Tribunal's direction to re-adjudicate the exclusion of interest on bank deposit for deduction under section 80HHC, leading to the dismissal of the appeal as no legal question arose. The judgment relied on legal provisions and precedents, resulting in the dismissal of the appeal on both issues. Case-Laws Income Tax Wed, 27 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33821