https://www.taxtmi.com/caselaws?id=794534 A write-off of unrecovered commodity-trading dues was treated as deductible as bad debt where the amount was debited to the profit and loss account and supported by contract notes, ledger confirmation and delivery reports; pendency of recovery proceedings did not by itself defeat the claim once the debt was written off as irrecoverable. Alternatively, the same unrecovered trading dues were treated as a business loss because they arose from transactions in the ordinary course of commodity business and were not shown to stem from any non-business or scam-related dealing. The taxable income was to be recomputed accordingly. en-us Tue, 30 Jun 2026 00:00:00 +0530 Tue, 07 Jul 2026 08:39:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794534 A write-off of unrecovered commodity-trading dues was treated as deductible as bad debt where the amount was debited to the profit and loss account and supported by contract notes, ledger confirmation and delivery reports; pendency of recovery proceedings did not by itself defeat the claim once the debt was written off as irrecoverable. Alternatively, the same unrecovered trading dues were treated as a business loss because they arose from transactions in the ordinary course of commodity business and were not shown to stem from any non-business or scam-related dealing. The taxable income was to be recomputed accordingly. Case-Laws Income Tax Tue, 30 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794534