1991 (7) TMI 21

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... question ? 2. Whether, the Income-tax Appellate Tribunal was justified in not allowing the claim of bad debts in the accounts of M/s. Andrews Erectors, Obra, and Shri Ram Prakash Sharma during the year in question when the amounts were written off and its bona fides were not in dispute ? 3. Whether the Income-tax Appellate Tribunal relying on the letters of the Tahsildar dated 15th February, 1981, based on a letter from Hindustan Steel Works and Construction dated December 29, 1980, was not wrong and misdirected in finding that the bad debt of M/s. Andrews Erectors fell beyond the date of February, 1981 ? 4. Whether the letter dated December 29, 1980, of Hindustan Steel Works and Construction, referred to by the Tahsildar was not suffic....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....inancial condition ? 10. Whether, under the facts and circumstances of the case, not charging of interest on such sticky accounts was not a bona fide change of system of accounting for these accounts from mercantile to cash system and whether the Income-tax Appellate Tribunal was justified in holding that there was no change in the system of accounting ? 11. Whether the Income-tax Appellate Tribunal was justified in finding that there could not be a change in the system of accounting for certain transactions in money-lending business and thereby not accepting the cash system of accounting for sticky accounts ? 12. Whether the finding of the Income-tax Appellate Tribunal was not perverse in holding that there was no change in the system o....