https://www.taxtmi.com/caselaws?id=60176 The ITAT CALCUTTA-B allowed the assessee's appeal, directing the CIT(A) to reconsider the disallowed deduction claim of Rs. 5,32,500 under s. 28. The ITAT emphasized evaluating the debt's bad status date, supported by a Ministry of Industries' letter. Referring to Badridas Daga vs. CIT (1958) 34 ITR 10 (SC), the ITAT criticized the CIT(A) for overlooking key facts and failing to address the additional ground raised by the assessee. The ITAT's decision favored the assessee pending the CIT(A)'s reassessment in compliance with the law. en-us Sat, 31 Jan 1981 00:00:00 +0530 Tue, 04 Jan 2011 11:28:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60176 The ITAT CALCUTTA-B allowed the assessee's appeal, directing the CIT(A) to reconsider the disallowed deduction claim of Rs. 5,32,500 under s. 28. The ITAT emphasized evaluating the debt's bad status date, supported by a Ministry of Industries' letter. Referring to Badridas Daga vs. CIT (1958) 34 ITR 10 (SC), the ITAT criticized the CIT(A) for overlooking key facts and failing to address the additional ground raised by the assessee. The ITAT's decision favored the assessee pending the CIT(A)'s reassessment in compliance with the law. Case-Laws Income Tax Sat, 31 Jan 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60176