https://www.taxtmi.com/caselaws?id=39586 Bad debt deductions were allowed where the Tribunal found, on relevant material, that the assessee recovered only part of the outstanding amounts through arbitration during the previous year and the balance became irrecoverable after the award. The High Court treated that conclusion as a finding of fact not open to challenge in reference. It also rejected the department's burden-of-proof argument, since the partial recovery itself showed that the debts became bad in the relevant accounting year and not earlier. The question was answered in favour of the assessee. en-us Thu, 14 Feb 1974 00:00:00 +0530 Mon, 19 Apr 2010 10:17:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39586 Bad debt deductions were allowed where the Tribunal found, on relevant material, that the assessee recovered only part of the outstanding amounts through arbitration during the previous year and the balance became irrecoverable after the award. The High Court treated that conclusion as a finding of fact not open to challenge in reference. It also rejected the department's burden-of-proof argument, since the partial recovery itself showed that the debts became bad in the relevant accounting year and not earlier. The question was answered in favour of the assessee. Case-Laws Income Tax Thu, 14 Feb 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39586