https://www.taxtmi.com/caselaws?id=785353 Allowance of bad debts is confirmed where the amounts were offered as income in earlier years; consequence: AO directed to verify returns for those years and allow deduction if so. Revised computation filed during assessment may be entertained by a tribunal despite non-filing under the return provision; consequence: tribunal to consider the claim. Business loss claimed via revised computation is not allowable absent filing of the original return claiming loss; consequence: claim disallowed. Disallowances under statutory liability and unexplained expenses or trade advances are remitted for de novo adjudication with speaking orders and consideration of relevant precedent; consequence: AO to re-adjudicate after verification. en-us Wed, 17 Dec 2025 00:00:00 +0530 Thu, 22 Jan 2026 08:41:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785353 Allowance of bad debts is confirmed where the amounts were offered as income in earlier years; consequence: AO directed to verify returns for those years and allow deduction if so. Revised computation filed during assessment may be entertained by a tribunal despite non-filing under the return provision; consequence: tribunal to consider the claim. Business loss claimed via revised computation is not allowable absent filing of the original return claiming loss; consequence: claim disallowed. Disallowances under statutory liability and unexplained expenses or trade advances are remitted for de novo adjudication with speaking orders and consideration of relevant precedent; consequence: AO to re-adjudicate after verification. Case-Laws Income Tax Wed, 17 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785353