2009 (2) TMI 54 - BOMBAY HIGH COURT

Expression “bad debt” in Section 36(1)(vii) - Whether as per the existing provisions even after the amendment w.e.f. 1-4-1989, is it obligatory on assessee to prove that the debt written off by him is indeed a Bad Debt for the purpose of allowance u/s36(1)(vii) – held that after the amendment, it is neither obligatory nor is the burden on the assessee to prove that the debt written off by him is indeed a bad debt as long as it is bona fide and based on commercial wisdom or expediency