https://www.taxtmi.com/caselaws?id=791097 After the statutory amendment and the principle in TRF Ltd., a bad debt deduction is available where the debt is written off in the accounts and has been taken into account in computing income, subject to section 36(2). The assessee produced party-wise ledgers and records showing that the amounts arose from earlier credited sales and were later written off as irrecoverable. Actual proof of irrecoverability was not required once the write-off and statutory conditions were satisfied. On the material recorded, the conditions were treated as met and the bad debt claim was allowable. en-us Wed, 25 Mar 2026 00:00:00 +0530 Wed, 06 May 2026 08:32:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791097 After the statutory amendment and the principle in TRF Ltd., a bad debt deduction is available where the debt is written off in the accounts and has been taken into account in computing income, subject to section 36(2). The assessee produced party-wise ledgers and records showing that the amounts arose from earlier credited sales and were later written off as irrecoverable. Actual proof of irrecoverability was not required once the write-off and statutory conditions were satisfied. On the material recorded, the conditions were treated as met and the bad debt claim was allowable. Case-Laws Income Tax Wed, 25 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791097