2010 (2) TMI 211

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....order dated September 13, 2001 of the Jharkhand High Court in Tax Appeal Nos. 20 and 21 of 2001. A. Dholakia, U. A. Rana, Ms. Shipra Ghose, V. A. Majumdar and Ms. Priyanka Dayal, Advocates, for the appellant. Vivek Tankha, Additional Solicitor General of India (Naresh Kaushik, T. A. Khan, Y. P. Mahajan, Rupesh Kumar and B. V. Balaram Das, Advocates, with him), for the respondent. JUDGMENT....

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....uting the income referred to in section 28 - .... (vii) subject to the provisions of sub-section (2), the amount of any debt, or part thereof, which is established to have become a bad debt in the previous year. Post-April 1, 1989: 36. Other deductions. - (1) The deductions provided for in the following clauses shall be allowed in respect of the matters dealt with therein, in computing th....

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....panies, the provision is deducted from sundry debtors. As stated above, the Assessing Officer has not examined whether, in fact, the bad debt or part thereof is written off in the accounts of the assessee. This exercise has not been undertaken by the Assessing Officer. Hence, the matter is remitted to the Assessing Officer for de novo consideration of the abovementioned aspect only and that too on....