https://www.taxtmi.com/caselaws?id=466193 Dispute concerns allowance of deduction for bad debts written off in accounts when amounts were recovered after the accounting year. After the 1981 amendment, requirement is limited to writing off the debt in the assessees accounts; there is no separate legal requirement to prove irrecoverability, as affirmed by precedent and CBDT guidance, so deduction claimed for the previous year was sustainible. Amounts recovered later were offered to tax in the year of recovery, preserving overall tax neutrality. Result favoured the assessee and the revenues disallowance was rejected. en-us Thu, 02 Aug 2018 00:00:00 +0530 Wed, 28 Jan 2026 14:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466193 Dispute concerns allowance of deduction for bad debts written off in accounts when amounts were recovered after the accounting year. After the 1981 amendment, requirement is limited to writing off the debt in the assessees accounts; there is no separate legal requirement to prove irrecoverability, as affirmed by precedent and CBDT guidance, so deduction claimed for the previous year was sustainible. Amounts recovered later were offered to tax in the year of recovery, preserving overall tax neutrality. Result favoured the assessee and the revenues disallowance was rejected. Case-Laws Income Tax Thu, 02 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466193