https://www.taxtmi.com/caselaws?id=461182 A provision made for non-performing assets treated as irrecoverable is not deductible as a bad debt because binding precedent, applying Supreme Court principles, excludes such claim. The same provision is also not allowable as a business loss on the same reasoning. The disallowance of the deduction was therefore sustained. en-us Mon, 02 Feb 2015 00:00:00 +0530 Wed, 19 Mar 2025 18:23:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461182 A provision made for non-performing assets treated as irrecoverable is not deductible as a bad debt because binding precedent, applying Supreme Court principles, excludes such claim. The same provision is also not allowable as a business loss on the same reasoning. The disallowance of the deduction was therefore sustained. Case-Laws Income Tax Mon, 02 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461182