https://www.taxtmi.com/caselaws?id=60054 The appeal involved the disallowance of Rs. 30,000 written off as bad debt, which was deemed capital in nature by the Tribunal. The Tribunal directed the Income Tax Officer to set off a capital loss of Rs. 15,318 against gains from land and building, in favor of the assessee. As a result, the appeal was allowed in part. en-us Wed, 27 May 1987 00:00:00 +0530 Mon, 03 Jan 2011 15:19:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60054 The appeal involved the disallowance of Rs. 30,000 written off as bad debt, which was deemed capital in nature by the Tribunal. The Tribunal directed the Income Tax Officer to set off a capital loss of Rs. 15,318 against gains from land and building, in favor of the assessee. As a result, the appeal was allowed in part. Case-Laws Income Tax Wed, 27 May 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60054