https://www.taxtmi.com/caselaws?id=471667 Bad-debt write-off is allowable where the debt was taken into account in computing the assessee's income in an earlier year, satisfying the requirement under section 36(2)(i) read with section 36(1)(vii) of the Income-tax Act. Ledger accounts, invoices, financial statements and prior income-tax returns established that the debt had been recognised as income. A contrary appellate finding, unsupported by the documentary record and by any remand objection on compliance with section 36(2)(i), could not sustain the addition. The bad-debt deduction was therefore allowable and the addition was deleted. en-us Wed, 09 Apr 2025 00:00:00 +0530 Sat, 12 Sep 2026 17:47:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471667 Bad-debt write-off is allowable where the debt was taken into account in computing the assessee's income in an earlier year, satisfying the requirement under section 36(2)(i) read with section 36(1)(vii) of the Income-tax Act. Ledger accounts, invoices, financial statements and prior income-tax returns established that the debt had been recognised as income. A contrary appellate finding, unsupported by the documentary record and by any remand objection on compliance with section 36(2)(i), could not sustain the addition. The bad-debt deduction was therefore allowable and the addition was deleted. Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471667