https://www.taxtmi.com/caselaws?id=56203 The Tribunal upheld the disallowance of the claimed amount as bad debts under Section 36(2) and as a business loss under Section 28 or business expenditure under Section 37. The Tribunal emphasized that the debt did not meet the criteria for bad debts and was not incidental to the company's business. The principles of estoppel and res judicata were deemed inapplicable, and the appeal was dismissed. en-us Mon, 26 Oct 1987 00:00:00 +0530 Thu, 02 Dec 2010 12:48:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56203 The Tribunal upheld the disallowance of the claimed amount as bad debts under Section 36(2) and as a business loss under Section 28 or business expenditure under Section 37. The Tribunal emphasized that the debt did not meet the criteria for bad debts and was not incidental to the company's business. The principles of estoppel and res judicata were deemed inapplicable, and the appeal was dismissed. Case-Laws Income Tax Mon, 26 Oct 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56203