2015 (10) TMI 1390

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....003 is directed against the order of the CIT(A). 2. The only ground of the appeal of the Revenue is as under: "1. The ld.CIT(A) has erred in law and on facts in directing to allow the claim of bad debts of Rs. 20,48,399/-" 3. In the first round of litigation before the Tribunal, the Tribunal has dismissed the appeal of the Revenue on the ground that the disputed tax effect was below Rs. 2....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....le Gujarat High Court in Girish Bhagwatprasad, 256 ITR 772 wherein held that once it is established that the assessee had written off business debt, it is not necessary to establish that the said debt had become bad. The learned DR has opposed the submission of the learned counsel for the assessee. He submitted that the assessee could not prove in this case that the debt has become bad. He relied ....