https://www.taxtmi.com/caselaws?id=49438 A debt is deductible as a bad debt only in the year in which it in fact became irrecoverable, and that question is one of fact. The evidence showed that the debts relating to B.I.G. Co. and Fulchand Srinarain had become bad in 1947, because the accounts had not been operated since 1946 and the firms were then unable to pay. A later unilateral amalgamation of those debts with another recoverable account could not revive them for deduction in a later assessment year. Where the Tribunal's finding on bad debt is supported by evidence, the High Court cannot reappreciate that evidence in reference proceedings under section 66. en-us Tue, 27 Mar 1962 00:00:00 +0530 Wed, 27 Aug 2014 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49438 A debt is deductible as a bad debt only in the year in which it in fact became irrecoverable, and that question is one of fact. The evidence showed that the debts relating to B.I.G. Co. and Fulchand Srinarain had become bad in 1947, because the accounts had not been operated since 1946 and the firms were then unable to pay. A later unilateral amalgamation of those debts with another recoverable account could not revive them for deduction in a later assessment year. Where the Tribunal's finding on bad debt is supported by evidence, the High Court cannot reappreciate that evidence in reference proceedings under section 66. Case-Laws Income Tax Tue, 27 Mar 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49438