https://www.taxtmi.com/caselaws?id=49328 The Supreme Court partially allowed the appeal, ruling that the bank was entitled to claim Rs. 15,00,000 as bad debts under section 10(2)(xi) for the year ending June 30, 1947. However, the claim for Rs. 10,15,000 as a business loss was dismissed as the loss did not occur in the relevant accounting year. No order was given regarding costs in this appeal. en-us Thu, 22 Oct 1964 00:00:00 +0530 Thu, 21 Aug 2014 19:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49328 The Supreme Court partially allowed the appeal, ruling that the bank was entitled to claim Rs. 15,00,000 as bad debts under section 10(2)(xi) for the year ending June 30, 1947. However, the claim for Rs. 10,15,000 as a business loss was dismissed as the loss did not occur in the relevant accounting year. No order was given regarding costs in this appeal. Case-Laws Income Tax Thu, 22 Oct 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49328