2019 (5) TMI 1272

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.... For the Respondent : Mr.A.S.Sivaraman for Mr.S.Sridhar JUDGMENT DR.VINEET KOTHARI, J. This Tax Case has been filed by the Revenue calling in question the correctness of the order passed by the Income Tax Appellate Tribunal, 'A' Bench, Chennai, dated 18.10.2007 made in ITA No.2799/Mds/2005, by raising the following substantial questions of law: "i) Whether, in the facts ....

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....he case, the Tribunal was right in treating the amounts advanced by the assessee in the form of finance transaction which were claimed as not realizable and written off in the books as allowable bad debts when the assessee is not in the business of financing? v) Whether, in the facts and circumstances of the case, the Tribunal was right in holding that the assessee is eligible for the ded....