2013 (7) TMI 1043

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.... PER B. RAMAKOTAIAH, AM: This is a Revenue appeal against the order of CIT(A)-38, Mumbai dated 1.7.2011. We have heard the ld. DR and the ld. Counsel. 2. Ground No.1 : The revenue has raised the following ground "1. On the facts and in the circumstances of the case and in law, the ld. CIT(A) erred in holding that deduction u/s.20,70,684/- on account of bad debts u/s. 3691)(viii) r....

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.....2231 of 2011 where the Hon'ble High Court upheld the order of the ITAT on the issue following the decision of the Hon'ble High Court in the case of CIT vs. Shreyas S. Morakhia (342 ITR 285) . Therefore, we see no reason to interfere with the order of CIT(A). Accordingly, the ground is rejected. 3. Ground No.2 is as under :- "2. On the facts and in the circumstances of the case....