https://www.taxtmi.com/caselaws?id=769002 ITAT Pune partially allowed the assessee's appeal regarding bad debt claims. The tribunal disallowed Rs. 11.20 lakh claimed as bad debts since the assessee failed to prove money lending business operations. However, it deleted an addition of Rs. 10.00 lakh because this amount was already offered to tax in A.Y. 2005-06. The mixed nature of facts and inconsistent AO observations across assessment years influenced the decision. The appeal was partly allowed with effective relief granted to the assessee. en-us Thu, 03 Apr 2025 00:00:00 +0530 Thu, 17 Apr 2025 08:37:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769002 ITAT Pune partially allowed the assessee's appeal regarding bad debt claims. The tribunal disallowed Rs. 11.20 lakh claimed as bad debts since the assessee failed to prove money lending business operations. However, it deleted an addition of Rs. 10.00 lakh because this amount was already offered to tax in A.Y. 2005-06. The mixed nature of facts and inconsistent AO observations across assessment years influenced the decision. The appeal was partly allowed with effective relief granted to the assessee. Case-Laws Income Tax Thu, 03 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769002