2019 (1) TMI 2017

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.... Usha Rani for Mr. T.R. Senthil Kumar, Sr. Standing Counsel. For the Respondent : Mr. N.V. Balaji. COMMON JUDGMENT Delivered by Dr. Anita Sumanth, J. These Tax Case (Appeals) have been filed by the Revenue challenging an order of the Income Tax Appellate Tribunal dated 14.09.2007 relating to Assessment Years 2002-03 and 2003-04. 2. Two issues arise in these appeals and by order date....

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....g the same, the first substantial question of law is answered in favour of the assessee and against the Revenue. 5. As regards the second substantial question of law, the provisions of section 36(1)(vii) of the Income Tax Act, 1961 provide for allowance of an amount representing bad debt or part thereof, which is written off as irrecoverable in the accounts of the assessee for the previous year....