2011 (4) TMI 1388

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....nesta, D.R. ORDER A N Pahuja: This appeal by the assessee against an order dated 3- 3-2009 of the ld. C.I.T. (A)-XI, Ahmedabad, raises an elaborate ground relating to claim for deduction of an amount of Rs. 11,81,505/- on account of bad debts. 2. Facts, in brief, as per the relevant orders are that return declaring income of Rs. 10,46,635/- filed on 30-10-2005 by the assessee, trading in ....

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....bts. 3. On appeal, the Ld. C.I.T.(A) upheld the findings of the AO in the following terms:- " 2.2.2. It is seen that either during the course of assessment proceedings or during the course of appeal proceedings, the appellant has not furnished any cogent proof/evidence with regard to its claim of bad debt. The appellant still maintains contacts with the clients by having usual business....

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....;ble Supreme Court in the case of TRF Limited vs. CIT 323 ITR 397 (SC) whi le adjudicat ing a simi lar claim concluded as under: "This position in law is well-settled. After 1st April,1989 it is not necessary for the assessee to establish that the debt, in fact, has become irrecoverable. It is enough if the bad debt is written off as irrecoverable in the accounts of the assessee........."....