https://www.taxtmi.com/caselaws?id=57092 The Tribunal allowed the assessee's claim of bad debt amounting to Rs. 29,916 under Section 36(2)(i) of the IT Act, 1961. The Tribunal disagreed with the lower authority's reasoning and held that the conditions for bad debt allowance were met. The Tribunal considered the transactions as genuine trading transactions from the previous year, leading to the allowance of the bad debt claim. The appeal was partly allowed in favor of the assessee. en-us Fri, 20 May 1977 00:00:00 +0530 Wed, 08 Dec 2010 14:28:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57092 The Tribunal allowed the assessee's claim of bad debt amounting to Rs. 29,916 under Section 36(2)(i) of the IT Act, 1961. The Tribunal disagreed with the lower authority's reasoning and held that the conditions for bad debt allowance were met. The Tribunal considered the transactions as genuine trading transactions from the previous year, leading to the allowance of the bad debt claim. The appeal was partly allowed in favor of the assessee. Case-Laws Income Tax Fri, 20 May 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57092