Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1998 (2) TMI 102 - CALCUTTA HIGH COURT
Extract:
.......m. As already observed there is no material on record, in the instant case, on the basis of which it can be held that the debt is a bad and doubtful debt and as such the act of the assessee in writing off the said debt cannot be said to be an exercise of honest judgment. With the observation as above, I agree with the finding of my learned brother.