https://www.taxtmi.com/caselaws?id=795436 Bad-debt deduction is available where debts are written off in the relevant books and were included in income computation in earlier years, satisfying sections 36(1)(vii) and 36(2). Actual irrecoverability need not be independently proved after the statutory write-off requirement is met. Section 36(2)(iv) is a transitional provision limited to debts relating to Assessment Year 1988-89 or earlier and does not apply to Assessment Year 2023-24. In the absence of material showing that carried-forward debtor balances were fictitious or non-genuine, the stated analysis supports allowance of the deduction and deletion of the disallowance. en-us Tue, 14 Jul 2026 00:00:00 +0530 Wed, 22 Jul 2026 08:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795436 Bad-debt deduction is available where debts are written off in the relevant books and were included in income computation in earlier years, satisfying sections 36(1)(vii) and 36(2). Actual irrecoverability need not be independently proved after the statutory write-off requirement is met. Section 36(2)(iv) is a transitional provision limited to debts relating to Assessment Year 1988-89 or earlier and does not apply to Assessment Year 2023-24. In the absence of material showing that carried-forward debtor balances were fictitious or non-genuine, the stated analysis supports allowance of the deduction and deletion of the disallowance. Case-Laws Income Tax Tue, 14 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795436