https://www.taxtmi.com/caselaws?id=797298 Bad-debt deduction for written-off commodity-trading receivables is allowable where the receivables arose from trading transactions, were previously offered as income, and were written off in the books; the possibility of later recovery does not defeat the claim, and any recovery is taxable when received. Computation of deduction for windmill units requires factual examination of whether head-office expenditure and depreciation on common assets are attributable to those units. The composition of such expenses, outsourced operational arrangements, and the use of common assets must be examined before allocating expenditure and determining eligible windmill profits. en-us Fri, 07 Aug 2026 00:00:00 +0530 Thu, 20 Aug 2026 08:14:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797298 Bad-debt deduction for written-off commodity-trading receivables is allowable where the receivables arose from trading transactions, were previously offered as income, and were written off in the books; the possibility of later recovery does not defeat the claim, and any recovery is taxable when received. Computation of deduction for windmill units requires factual examination of whether head-office expenditure and depreciation on common assets are attributable to those units. The composition of such expenses, outsourced operational arrangements, and the use of common assets must be examined before allocating expenditure and determining eligible windmill profits. Case-Laws Income Tax Fri, 07 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797298