2016 (10) TMI 93

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....ble Mr. Justice KS Jhaveri ) 1. Being aggrieved and dissatisfied with the impugned order passed by the Income Tax Appellate Tribunal, Ahmedabad Bench 'B' (hereinafter referred to as 'the Tribunal') dated 13.07.2007 in ITA No. 758/Ahd/2007, the assessee has preferred the present appeal. 1.1 The following substantial question of law was raised while admitting the appeal on 14.07.2008: ....

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....dings of CIT(A). Being aggrieved and dissatisfied with the impugned order passed by the Tribunal, the assessee has preferred the present Tax Appeal for consideration of the aforesaid substantial question of law. 4. Mr. Raju Kothari, learned advocate appearing for the assessee submitted that the authorities below erred in holding that the debt can be allowed as bad debt only when the debtor is n....

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....parties and the question posed for consideration before us reproduced hereinabove and considering the decision of the Apex Court in the case of T.R.F. Ltd. (supra), the question, which is raised in the present appeal is required to be answered in favour of the assessee. The Tribunal has erred in reversing the decision of the CIT(A). After the amendment of Section 36(1)(vii) of the Income-tax Act, ....