https://www.taxtmi.com/caselaws?id=55458 Bad debt write-offs for dues from disconnected H.T. consumers were treated as genuine and commercially justified where only a small portion had been recovered and the balance had remained unrealised for several years. Electricity duty collected from consumers as a statutory collecting agent and remitted in the following year was treated as outside section 43B because the sum was not statutorily payable in the relevant accounting year. The note distinguishes electricity duty from sales tax and states that section 43B applies only to amounts payable in that year, not to collections held in a separate account and paid within the statutory period. en-us Fri, 29 Jul 1988 00:00:00 +0530 Sat, 27 Nov 2010 11:40:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55458 Bad debt write-offs for dues from disconnected H.T. consumers were treated as genuine and commercially justified where only a small portion had been recovered and the balance had remained unrealised for several years. Electricity duty collected from consumers as a statutory collecting agent and remitted in the following year was treated as outside section 43B because the sum was not statutorily payable in the relevant accounting year. The note distinguishes electricity duty from sales tax and states that section 43B applies only to amounts payable in that year, not to collections held in a separate account and paid within the statutory period. Case-Laws Income Tax Fri, 29 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55458