Assessee's Bad Debt Claim Denied for Lack of Proof; Rokko Sarees & Fabrics Ltd. Not in Profit & Loss Account.

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....Denial of claim of bad debts - Genuineness of the claim made by the assessee has not been proved by it. As far as bad debts of Rokko Sarees and Fabrics Ltd. are concerned it is found that the disputed sum was not a part of the P&L account. Therefore, none of the claims made by the assessee can be allowed - AT....