2022 (9) TMI 1454

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....MATHI, ADVOCATE  FOR THE : RESPONDENT : SRI. TANMAYEE RAJKUMAR, ADVOCATE ORDER This review petition is filed by the Revenue seeking review of the judgment dated 18.06.2021 passed in I.T.A.No.783/2008 in so far as it relates to the substantial question of law No.2 framed by this Court, which is as follows:- "ii) Whether, on the facts of the circumstances of the case and on the grounds r....

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....1. Hence, this Court held the above question against the revenue and in favour of the assessee and consequently, allowed the appeal in part and answered the substantial question of law No.2 against the revenue and in favour of the appellant - assessee. 3. It is now well settled that the deduction towards bad and doubtful debts at 7.5% shall be made after setting off the brought forward loss, to a....