https://www.taxtmi.com/caselaws?id=55935 The Tribunal partially allowed the appeal by reversing the disallowance of bad debts and the weighted deduction, while remitting the bonus payment issue back to the ITO for further examination. The Tribunal held that the writing off of bad debts was justified due to the debtor's consistent refusal to pay and threats of damages. Additionally, the payment made to a foreign agent for sales promotion was deemed eligible for weighted deduction under s. 35B. en-us Thu, 18 May 1989 00:00:00 +0530 Tue, 30 Nov 2010 17:11:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55935 The Tribunal partially allowed the appeal by reversing the disallowance of bad debts and the weighted deduction, while remitting the bonus payment issue back to the ITO for further examination. The Tribunal held that the writing off of bad debts was justified due to the debtor's consistent refusal to pay and threats of damages. Additionally, the payment made to a foreign agent for sales promotion was deemed eligible for weighted deduction under s. 35B. Case-Laws Income Tax Thu, 18 May 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55935